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Calculate the following ratios on 31 December 2022 for Trendy Fashions (Pty) Ltd, and briefly interpret the movement from the previous years % / ratio

Calculate the following ratios on 31 December 2022 for Trendy Fashions (Pty) Ltd, and briefly interpret the movement from the previous years % / ratio calculation for:

  • Gross profit percentage
  • Working capital cycle

image text in transcribed Statement of Profit or Loss and Other Comprehensive Income information for the year ended 31 December 2022: Statement of Financial Position information as at 31 December 2022: 20222021 There were 365 days during the year

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