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Lavender Ltd Lavender Ltd is an organization which is at its mid-growth stage, operating in retail sector. Early last year, its operations were disrupted
Lavender Ltd Lavender Ltd is an organization which is at its mid-growth stage, operating in retail sector. Early last year, its operations were disrupted negatively by the COVID-19 pandemic. The company's management was very concerned about the future of the organization, and they have chosen you, as the marketing manager, with some idea of finance, to analyse the performance of the organization using the information below: Statement of Comprehensive Income for the year ended 30 September 2020. Sales Cost of sales Gross profit Operating expenses Operating profit Interest Profit before tax Tax @ 30% Net profit for the year R'000 850 (350) 500 (280) 220 (20) 200 (60) 140
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