Data extracts from Delta's accounts are shown below Ye-Dec-20 Ye-Dec-19 Land & Buildings 228,000 112,000 Plant 72,000 37,000 Inventory Receivables Cash at Bank 53,000 34,000 63,000 77,000 14,000 8,000 Total Assets 430,000 268,000 Share Capital 115,000 60,000 Retained Earnings 84,000 73,000 Long term loans 158,000 91,000 Payables 62,000 37,000 Taxation 5,000 3,000 Interest 6,000 4,000 Total Liabilities & Equity 430,000 268,000 Operating Profits 37,000 Interest 5,000 Taxation 11,000 Profit for the Year 21,000 Notes: During the year to 31-Dec-20 Annual depreciation charges amounted to £30,000. Plant costing £10,000 (nbv £5,000) had been sold for £2,000. Buildings costing 60,000 were sold for £100,000. Buildings are not depreciated. Required: A) Prepare a cashflow statement for Ye-Dec-20. B) Comment on the need for cash flow statements.

Data pertaining to the current position of Forte Company follow: Cash $440,000 Marketable securities 175,000 Accounts and notes receivable (net) 335,000 Inventories 700,000 Prepaid expenses 44,000 Accounts payable 180,000 Notes payable (short-term) 230,000 Accrued expenses 290,000   Required: 1. Compute (A) the working capital, (B) the current ratio, and (C) the quick ratio. Round ratios to one decimal place. 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions and record the results in the appropriate columns of the table provided. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. A. Sold marketable securities at no gain or loss, $80,000. B. Paid accounts payable, $120,000. C. Purchased goods on account, $130,000. D. Paid notes payable, $105,000. E. Declared a cash dividend, $140,000. F. Declared a…

Profile Co has the following assets and liabilities: Assets: Cash $100 , account receivable,$150 ; Inventory,$240 ,land $200, plant net of accumulated amortization $300 : liabilities short term bank loan, $60 : accounts payable long term loan mortage loan ,$160 ,profolio co long term assets total was

As loan analyst for Waterway Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash $114,000 $328,000 Receivables 230,000 296,000 Inventories 582,000 493,000 Total current assets 926,000 1,117,000 Other assets 493,000 607,000 Total assets $1,419,000 $1,724,000 Liabilities and Stockholders' Equity Current liabilities $314,000 $340,000 Long-term liabilities 385,000 493,000 Capital stock and retained earnings 720,000 891,000 Total liabilities and stockholders' equity $1,419,000 $1,724,000 Annual sales $911,000 $1,440,000 Rate of gross profit on sales 30 % 40 % Each of these companies has requested a loan of $50,000 for 6 months with no collateral offered. Because your bank has reached its quota for loans of this type, only one of these requests is to be granted. Compute the various ratios for each company. (Round answer to 2 decimal places, e.g. 2.25.) Toulouse Co. Lautrec Co. Current ratio :1 :1 Acid-test ratio :1 :1 Accounts receivable turnover…