The figures below are a summary of an analytical review of the draft financial statements of Howdo Ltd. The review was carried out at the planning stage and the comparison was made against the original budget for the financial year.
Based on the results of this review indicate whether or not you would investigate or accept the reason for any differences

Transcribed Image Text:

(a) Gross profit (b) Net profit margin (c) Receivables days (d) Payables days (e) Stock turnover Actual 56% 12% 38 days 36 days 9 times Budget 64% 14% 42 days 49 days 12 times Investigate Accept