Answer Happy

Subject 1 (60%)
The following information is provided
for the financial statement of the company
‘Gold Logistics’ (figures are in
euro):
Balance Sheet “Gold
Logistics” as at December 31, 202X
ASSETS
Cash & cash equivalents
?
Trade and other accounts receivable
?
Inventory
12,000
Current
Assets
?
Land, plant & equipment
15,000
Intangible assets
?
Long-term investments
?
Noncurrent
Assets
?
Total Assets
?
LIABILITIES &
STOCKHOLDERS’ EQUITY
Short term liabilities
?
Current
Liabilities
?
Long-term debt
?
Noncurrent
Liabilities
?
Total
Liabilities
?
Common stock
26,000
Current period’s retained
earnings
?
Stockholders’
Equity
?
Total Liabilities and
Stockholders’ Equity
?
Income statement “Gold
Logistics” as at December 31, 202X
Total revenue (Net sales)
?
(-)
Cost of sales
?
Gross
profit
65,000
(-)
SGAs
?
Earnings before interest
& taxes (EBIT)
?
(+)
Interest
income
2,000
(-)
Interest
expense
0
Pretax
income
?
(-)
Taxes
?
Net income
?
Also, the following information is
provided for the company “Gold Logistics” at the end of the
accounting period (figures are in euro):
Using the information that there is no
taxation and dividends’ decision: