Belt pic and Braces pic were in the same industry. The following information appeared in their 20X9
Question:
Belt pic and Braces pic were in the same industry. The following information appeared in their 20X9 accounts:
Required:
(a) Calculate the following ratios for each company and show the numerical relationship between them:
(i) Their rate of return on the average total assets.
(ii) The net profit percentages.
(iii) The ratio of revenue to average totai assets.
(b) Comment on the relative performance of the two companies.
(c) State any additional information you would require as:
(i) A potential shareholder.
(ii) A potential loan creditor.
*
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Related Book For 
Financial Accounting And Reporting
ISBN: 9780273778172
16th Edition
Authors: Mr Barry Elliott, Jamie Elliott
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