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A skeleton of Lory Group's financial statements ( i . e . , Statement of financial position and Statement of profit or loss ) for
A skeleton of Lory Group's financial statements ie Statement of financial position and Statement of profit or loss for the year ending on December X appears as follows amounts in millions: Statement of financial position Inventories a Trade receivables Cash and cash equivalents Current assets b Noncurrent assets c Total assets d Share capital Reserves Retained earnings Equity Trade payables Longterm liabilities e Equity and liabilities f Statement of profit or loss Net sales g Cost of sales h Administrative Expenses Interest expense i Profit before taxes Income tax expense j Profit for the year k Required: Use the following ratio data to complete Lory Groups financial statements: Return on equity Total asset turnover Net operating margin Current ratio Acid test ratio Inventory turnover Gearing total financeNet sales Cost of sales Administrative expenses Interest expense Profit before taxes Income tax expense Profit for the year Required: Use the following ratio data to complete Lory Group's financial statements: Return on equity Total asset turnover Net operating margin Current ratio Acid test ratio Inventory turnover Gearing total finance
A skeleton of Lory Group's financial statements ie Statement of financial position and Statement of profit or loss for the year ending on December X appears as follows amounts in millions:
Statement of financial position
Inventories a
Trade receivables
Cash and cash equivalents
Current assets b
Noncurrent assets c
Total assets d
Share capital
Reserves
Retained earnings
Equity
Trade payables
Longterm liabilities e
Equity and liabilities f
Statement of profit or loss
Net sales g
Cost of sales h
Administrative Expenses
Interest expense i
Profit before taxes
Income tax expense j
Profit for the year k
Required:
Use the following ratio data to complete Lory Groups financial statements:
Return on equity
Total asset turnover
Net operating margin
Current ratio
Acid test ratio
Inventory turnover
Gearing total financeNet sales
Cost of sales
Administrative expenses
Interest expense
Profit before taxes
Income tax expense
Profit for the year
Required:
Use the following ratio data to complete Lory Group's financial statements:
Return on equity
Total asset turnover
Net operating margin
Current ratio
Acid test ratio
Inventory turnover
Gearing total finance
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