Analysis of the Operation and Financial Condition of the Enterprise

Analysis of the Operation and Financial Condition of the Enterprise6. ExercisesExercise 1.Opening balance sheet:Assets Amount Liabilities AmountLong-term investmentsCapitalBuildingsand 145 Equity 203constructionsFurniture and computers 63 Total capital 203Totallong-term 208 Current liabilitiesinvestmentsCurrent assets Trade accounts payable 23Stock of goods 28 Bank account deficit 43(overdraft)Trade accounts receivable 33 Total short-term 66liabilitiesTotal current assets 61Total assets 269 Total liabilities 269The following operations were executed in one week’s time:1. Goods (purchase value 8 thousand CU) were sold for 11 thousand CU in cash;2. Goods (purchase value 17 thousand CU) were sold for 23 thousand CU on credit;3. 18 thousand CU received from trade debtors;4. Enterprise owners deposited 100 thousand (CU) on the bank account as an increasein equity;5. Enterprise owners have invested in equity assets in kind – a car worth 10 thousandCU;6. Goods on credit have been purchased for 14 thousand CU;7. Trade creditors were paid an amount of 13 thousand CU.Draw up a balance sheet as at the end of the week.Solution to Exercise 1Assets Amount Liabilities AmountLong-term investmentsCapitalBuildingsand 145 Equity 313constructionsCar 10 Profit 9Furniture and computers 63 Total capitalTotallong-termCurrent liabilitiesinvestmentsCurrent assets Trade accounts payable 24Stock of goods 17 Total short-term liabilitiesTrade accounts receivable 38Cash resources 73Total current assetsTotal assets 346 Total liabilities 346119