Answer Happy

Q1: Compute and interpret Omega company financial ratios for year 2019: (liquidity, profitability, efficiency, investment) Omega Company. Income Statement for the year ended 31 December 2019 Revenue £24,000 Cost of Sales 10,500 Gross profit 13,500 Operating expenses Administrative expenses 4,550 Salaries & wages Expenses 6,450 Supplies Expenses 700 Utility Expenses 450 Net profit 1,350 Unit 5: Accounting principles Assignment Draft #3 - LO: 3 Omega Company Statement of financial position for the year ended 31 December 2019 Current assets Cash at bank Account receivables Prepaid Inventories Total current Assets Non-current assets equipment buildings Total non-current Assets Current liabilities Account payables Notes Payable Tax payable Interest payable Total current liabilities Non-current liabilities Borrowings Total non-current liabilities Total liabilities Equity share capital Retained earnings Total equity Total equity & liabilities Additional Information to use when calculate the ratios: 1. The number of shares equal 10,000 shares 2. Dividend announced during the period 2000 Total assets 4,715 6,000 70 9,000 19,785 3,950 23,750 27,700 47,485 7,300 555 500 430 8,785 11,000 11,000 19,785 14,500 13,200 27,700 47,485