Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. From the financial information, Calculate profitability and liquidity ratios and give your own interpretation. Particulars Net profit Sales/Revenue 2020 2019 1,036,553 802,622 10,028,751

image text in transcribed

1. From the financial information, Calculate profitability and liquidity ratios and give your own interpretation. Particulars Net profit Sales/Revenue 2020 2019 1,036,553 802,622 10,028,751 9,625,875 Total Assets 33,186,232 34,714,236 Total Cash 1,365,217 613,394 Current Liabilities 1,915,794 2,726,824 Current Assets 11,365,405 8,650,258 Inventories 5,085,088 5,006,173 Accounts Receivables 1,992,405 1,953,947 Accounts payable 1,303,040 1,561,697 Purchases/Cost of Sales 8,321,889 8,354,647 Average value of Inventory 5,045,630 3,003,704 Total Liabilities 3,809,307 5,050,373 Operating Profit 1,706,862 1,271,229 Non-Operating Revenue 20,410 111,191

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Traditions and Innovations

Authors: Barfield Jesse, Raiborn Cecily, Kinney Michael

4th edition

324026455, 978-0324026450

More Books

Students also viewed these Accounting questions

Question

Describe the process of culture change in an organization.

Answered: 1 week ago