Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

arity.accountancyresearch.org Ch Financial Ratio Analysis $35,900,000 Sales: COGS/COS: $22,976,000 Other cost: $330,000 Net profit: $12,594,000 $7,898,000 Current Assets: $11,129,000 Non-current Assets: $7,178,580 Owner equity for

image text in transcribed

image text in transcribed

arity.accountancyresearch.org Ch Financial Ratio Analysis $35,900,000 Sales: COGS/COS: $22,976,000 Other cost: $330,000 Net profit: $12,594,000 $7,898,000 Current Assets: $11,129,000 Non-current Assets: $7,178,580 Owner equity for the year before previous financial year: $9,067,680 Owner equity for the previous financial year: $5,923,500 Average inventory: $1,974,500 Average accounts receivable: Use the information provided above to calculate the six financial performance ratios for your company Round answers to the nearest whole number. Change Password Log Net profit: $12,594,000 Current Assets: $7,898,000 Non-current Assets: $11,129,000 Owner equity for the year before previous financial year: $7,178,580 Owner equity for the previous financial year: $9,067,680 Average inventory: $5,923,500 Average accounts receivable: $1,974,500 Use the information provided above to calculate the six financial performance ratios for your company. (6 marks) Round answers to the nearest whole number. ROA: ROE: Profit margin: % Gross profit margin: % Inventory turnover: Debtors turnover: Save answer Cancel edit & Return to question list

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

Step: 3

blur-text-image

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

Benfords Law

Authors: Mark J. Nigrini

1st Edition

1118152859, 9781118152850

More Books

Students also viewed these Accounting questions

Question

5.6 Describe alternatives to recruitment?

Answered: 1 week ago

Question

5.4 Identify external recruitment sources.

Answered: 1 week ago