You are given the following information in relation to Olivet Ltd: You are required to comment on

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You are given the following information in relation to Olivet Ltd: image text in transcribed

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You are required to comment on the financial position of Olivet Ltd as at 20X5.
Calculate any ratios you feel necessary.

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Financial Accounting

ISBN: 9780273703600

4th Edition

Authors: Anne Britton, Chris Waterston

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Question Posted: Jun 11, 2024 01:07 AM

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You are given the following information in relation to Olivet Ltd: You are required to comment on

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INCOME STATEMENTS FOR 20X4 AND 20X5 20X4 20X5 Sales 100,000 100,000 Cost of sales 50,000 60,000 50,000 40,000 Expenses 30,000 30,000 20,000 10,000 Dividends 10,000 10,000 10,000 Retained profits b/f 2,500 12,500 12,500 12,500

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Financial Accounting

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