Rio Mobiliário (RM) is a Brazilian furniture manufacturer that generates sales in South America, North America, and Europe. It has outsourced some production and distribution facilities to North America. According to its financial data for the year ended December 31, 2020, RM had a gross profit of X, net profit before interest and tax of Y, sales revenue of 5,256 million reals, and net profit after interest and tax of 606 million reals.
Rio Mobiliário (RM) is a Brazilian furniture manufacturer that generates sales in South America, North America, and Europe. It has outsourced some production and distribution facilities to North America. According to its financial data for the year ended December 31, 2020, RM had a gross profit of X, net profit before interest and tax of Y, sales revenue of 5,256 million reals, and net profit after interest and tax of 606 million reals.
Rio Mobiliário (RM) is a Brazilian furniture manufacturer that generates sales in South America, North America, and Europe. It has outsourced some production and distribution facilities to North America. According to its financial data for the year ended December 31, 2020, RM had a gross profit of X, net profit before interest and tax of Y, sales revenue of 5,256 million reals, and net profit after interest and tax of 606 million reals.
Rio Mobiliário (RM) is a Brazilian furniture manufacturer. It generates sales in
South America, North America and Europe. It has successfully outsourced production and distribution facilities to North America. These are the selected financial data for the year ended as of 31 December 2020. All figures in millions of Brazilian reals.
Accumulated retained profit 4116
Cash 486 Cost of goods sold 3074 Creditors 498 Debtors 958 Expenses 1390 Gross profit X Interest 12 Net fixed assets 3110 Net profit after interest and 606 tax Net profit before interest and Y tax Overdraft 52 Sales revenue 5256 Share capital 800 Short-term loans 650 Stock 1562 Tax 174
1. Using relevant information from the table,
i) Construct a P&L statement for RM. What are the values for X and Y? [ [5 marks] ii) Construct a fully labelled balance sheet for RM. [5 marks]