Accounting

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:

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED $31$ DECEMBER $2022$

QUESTION

$(25$ Marks$)$