Below are account balances, cash receipts and payments and other data for X Limited, a company that distributes chemical supplies, for the financial year that ended 30 June 2012 and 30 June 2013.
a) Prepare a classified statement of financial performance for 2012 and 2013
b) Prepare a classified statement of financial position for 2012 and 2013
c) From the company's financial statements, calculate the following ratios for the two years:
i) Return on Assets ratio
ii) Return on Equity ratio
iii) Net Margin
iv) Quick ratio
v) Current ratio
vi) Asset turnover ratio
vii) Average settlement period for debtors
viii) Average settlement period for creditors
d) Provide a report to management of X Limited Company giving advice based on your results from the ratios above.