Accounting Assignment | Custom Assignment Help

The summarised accounts of Mwangaza Ltd. for the year ended 31 March2011 and 2012 are as follows:

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

Custom Assignment Help

                                     2012          2011

Balance Sheet                                                     Sh. ‘000’   Sh. ‘000’

Investments at cost                                     16,000               16,000

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

Land                                                            12,600        8,800

Plant and machinery, at cost                                  2,200                 2,000

Buildings, at cost                                         18,000              10,000

Stock                                                            13,000              11,000

Debtors                                                                 10,000                 8,000

Bank                                                                -___           –__

71,800        50,400

Ordinary shares Sh.20 each                                   10,000                  8,000

Share premium                                                     2,800                  2,600

Revaluation reserve                                              4,000                   5,000

Profit and Loss Account                            5,000         5,000

10% Debentures                                          30,000      20,000

Accumulated Depreciation:

Plant and machinery                                             1,000                     800

Building                                                                2,200                   2,200

Creditors                                                               12,000                  8,000

Proposed dividend                                        4,000                4,000

Bank                                                                800                            –__

71,800        50,400

Profit and Loss Account:

Sales                                                             40,000       40,000

Cost of Sales                                                 24,000                  20,000

16,000       20,000

Expenses                                                       12,000         12,000

4,000          8,000

Dividends                                                   4,000           4,000

–                4,000

Balance brought forward                                5,000          1,000

Balance carried forward                                 5,000         5,000


(a)   Calculate for Mwangaza Ltd. for 2011 and 2012 the following ratios:

(1)  Gross profit percentage

(2)  Net profit percentage

(3)  Debtors turnover

(4)  Creditors turnover

(5)  Current ratio

(6)  Quick assets (acid test) ratio

(7)  Dividend cover

(8)  Gearing ratio

(9)  Return on capital employed

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
English 101
Good job.
Customer 462899, April 26th, 2022
support is great. I am grateful to you and your company. thank you very much.
Customer 454227, April 6th, 2020
Interior Decoration
Excellent work! We look down to your future contribution
Customer 463463, November 16th, 2022
Great work.Recommendable
Customer 463647, May 14th, 2023
A job well done
Customer 463679, April 30th, 2023
Classic English Literature
Impeccable analysis.
Customer 462731, April 18th, 2022
excellent job
Customer 456821, October 14th, 2022
good work
Customer 463813, April 14th, 2023
Excellent work.
Customer 463001, June 12th, 2022
Criminal Justice
this is an excellent paper
Customer 454221, April 3rd, 2020
Customer 463469, October 18th, 2022
thank you so much
Customer 453933, January 25th, 2020
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat