The financial statements for Harridges Ltd are given below for the two years ended 30 June 2014

Question:

The financial statements for Harridges Ltd are given below for the two years ended 30 June 2014 and 2015. Harridges Limited operates a department store in the centre of a small town.

image

image

Dividends were paid on ordinary shares of ?65,000 and ?75,000 in respect of 2014 and 2015 respectively.

Required:(a) Choose and calculate eight ratios that would be helpful in assessing the performance of Harridges Ltd. Use end-of-year values and calculate ratios for both 2014 and 2015.(b) U sing the ratios calculated in (a) and any others you consider helpful, comment on the business?s performance from the viewpoint of a prospective purchaser of a majority of shares.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting and Finance An Introduction

ISBN: 978-1292088297

8th edition

Authors: Peter Atrill, Eddie McLaney

Question Posted: