Accounting

CAPRI LIMITED: PERFORMANCE EVALUATION AND PLANNING

For many years Capri Limited has delivered on its quality products promise to consumers, ensuring continued access to an ever growing range of established and well loved brands. Through a spirit of innovation, the company continues to deliver new and exciting products in response to the evolving needs of its customers.

Despite its success the management has noted areas for improvement. This is evident in the following financial statements for the past two years:

QUESTION $2$

$2\mathrm{.}1$ Use the statement of finandial position as at $31$ December $2022,$ statement of comprehensive income shareses to calculate the ratio $($expressed to two decimal places$)$ that would refectect each of the following: The extent to which the daims of the shor$-$term credilos are covered by assets that can be translated into cash in the short term

$2\mathrm{.}2\mathrm{.}2$ Operating margin $2\mathrm{.}3$ Comment briefly but