Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the following ratios for MicroSystems for July 2021 based on your [corrected] / the above financial statements. Convert your figures to a percentage
Calculate the following ratios for MicroSystems for July 2021 based on your [corrected] / the above financial statements. Convert your figures to a percentage (%) where specified. Round your answers to one decimal place. You will need to record your numerator and denominator for each ratio in addition to your answer. - Gross profit margin (%) - Operating profit margin (%) - - Return on shareholders' funds (%) Current ratio - Acid test ratio - Interest cover ratio - Gearing ratio (%) 52 marks Please follow formula taught in the topic, i.e., in your core textbook (Atrill, 7th ed.) Chapter 8, Analysis and Interpretation of Financial Statements. No other variation will be accepted. b) Sixteen (16) multiple choice (MCQ) based on MicroSystems information, competitor, JB Ltd information below, and on the material from Weeks 6-8. (questions will be visible upon opening FLO quiz). You have sourced the following ratios for JB Ltd, July 2021: " " Gross profit margin = 21.4% Operating profit margin = 5.1% " Return on shareholders' funds = 25.9% " Current ratio = 1.1 times Acid test ratio = 0.3 times " Interest cover ratio = 21.2 times Gearing ratio (%) = 38.8% NOTE: Competitor, JB Ltd's financial ratio for July 2021 above are relevant for some of the MCQ questions. Do not ignore. 48 marks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started