Question
1 payback period(expressed in years,months and days 2. Accounting rate of return on avarage investment ( expressed to two decimal) referred to the case study
1 payback period(expressed in years,months and days 2. Accounting rate of return on avarage investment ( expressed to two decimal)
referred to the case study empire limited was established in gauteng in 2017, manufacturing medical equipment and supplies with an initial capital of 5000 000, ordinary shares that were issued at R1 each, the sales of the company which are all on credit,grew steadily during 2018 and 2019 but increase rapidly during 2020 and 2019 but increased rapidly during 2020 and 2021 following the business opportunity presented to the company by covid-19. the sales for 2021, the accumulated undistributed profit amount to 6000 000, 9000 000 was owned to trade creditors, investors amounted to 5 500 000 and amount of 4000 000 was owned to nap bank in respect of long term loan
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