BU 3.5.1 Interpretation of financial statements

Question 1

does does statement of comprehensive income contain

Answer 1

Revenue
cost of sales
gross of profit
selling expenses
admin expenses
operating profit
finance costs
net profit
net profit after tax

Question 2

what different stakeholder is there

Answer 2

shareholders
managers and directors
employees
gov
suppliers

Question 3

what does balance sheets show

Answer 3

shows a summary of a firms assets, liabilities and capital.

Question 4

current assests

Answer 4

these are used up in production such as stock of raw materials. They can also be money owed to the business by debtors