The managing director of Boot & Shoe Ltd, a company in the boot and shoe industry, has just received a statistical bulletin showing the performance of the industry as a whole for the year ended 30 June. She would like to assess the results of the company for the same period, using these statistics for comparison purposes.

The list of accounts of Boot & Shoe Ltd for the year ended 30 June this year are given below:

Requie:

a. Redraft the accounts in a form suitable for presentation to management and for publication later.

b. Calculate the above ratios for Boot & Shoe Ltd.

c. Compare the two sets of ratios and advise the managing director.