Hjhhkhjk Essay

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| LEE SHAU KEE SCHOOL OF BUSINESS AND ADMINISTRATIONACT (a) Ying Fat Limited | Income statement | For the year ended 31 Dec 2013 | Sales | | | | 9,010,272,000 | Less: | cost of goods sold | | | | | Beginning Inventory | | 887,028,000 | | | Add:Purchases | | 5,414,640,000 | | | Add:Transprotation in | | 51,744,000 | | | Less:Ending Inventory | | (560,400,000) | 5,793,012,000 | Gross profit | | | | 3,217,260,000 | Less: | administrative expenses | | 1,159,440,000 | | | Selling expenses | | 957,960,000 | | | Bank Loan interest expenses | | 43,200,000 | | | depreciation expense | | 72,650,400 | | Total expense | | | | (2,233,250,400) | Income before tax | | | | 984,009,600 | Less: | Profit Tax | | | (88,200,000) | Net income | | | | 895,809,600 | (b) Ying Fat Limited | Balance sheet | For the year ended 31 Dec 2013 | Asset | | | | | Non-currents Assets | | | | | Office equipment | | | | 309,600,000 | Motor vehicle | | | | 70,200,000 | Less: | | | | | Accumulated depreciation-office equipment | | | (81,638,400) | | Accumulated depreciation-motor vehicle | | | (23,220,000) | (104,858,400) | Total non-current assets | | | | 274,941,600 | | | | | | Current assets | | | | | Bank | | | | 244,944,000 | Inventory at 31 Dec 2013 | | | | 560,400,000 | Account receivable | | | | 1,900,560,000 | Prepaid expense | | | | 6,264,000 | Total current assets | | | | 2,712,168,000 | | | | | | Total assets | | | | 2,987,109,600 | | | | | |

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