Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

JD Bvumavaranda consolidated profit and loss account for year ended 31 July 2023: Turnover from continuing operations Cost of sales Gross profit Administrative expenses Operating

JD Bvumavaranda consolidated profit and loss account for year ended 31 July 2023:

Turnover from continuing operations Cost of sales Gross profit Administrative expenses Operating profit Net Group balance sheet at 31 July 2023 2003 $000 773,823 Fixed assets Tangible assets Current assets Stocks Required: Calculate the following Ratios and briefly comment on their implications. ii. i. Operating return 

Turnover from continuing operations Cost of sales Gross profit Administrative expenses Operating profit Net interest payable Profit on ordinary activities before tax Tax on profit on ordinary activities Profit on ordinary activities after tax Dividends Retained profit for the year 2023 $000 730,913 (621,894) 109,019 (34,036) 74,983 56,139 (18,844) (19,744) 36,395 (7,434) 28,961 2022 $000 601,295 (503,699) 97,596 (27,511) 70,085 53,568 (16,517) (18,152) 35,416 28,514 (6,902)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

i Operating Return on Equity Operating ROE Operating ROE Operating Profit Equity Shareholders Funds x 100 Operating Profit 74983 Equity Shareholders F... 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

Horngrens Accounting

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

10th Canadian edition Volume 2

978-0134213118, 134213114, 133855384, Google Book, 978-0133855388

More Books

Students also viewed these Accounting questions

Question

=+c) Interpret the coefficient of Saturday in this model.

Answered: 1 week ago