Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

note - please give me answer before 8pm according to canadian time zone. (its request) thank you STUDY the following CANADORE mfg plc. published account...

note - please give me answer before 8pm according to canadian time zone. (its request) thank you

STUDY the following CANADORE mfg plc. published account...

year.................................2020 2019

Revenue................................2,319,327 1, 351,973

Cost of goods sold.............. 730,004 826,946

Gross profit..........................19.34% 11.95%

Selling & Distri.....................415,066 415,553

Admin expenses.................211,403 312,263

depreciation...........................1,581 1,531

Operating profit..................... // //

other income................................87 20

Net fin. income(expense).....185 (475)

Net profit b.4 tax..............1,545 1,223

tax exp/credit.................(278) (400)

net profit......................??? ??

Questions.

compute

one Ratio each in solvency, profitability and liquidity. show the workings and GIVE YOUR INTERPRETATIONS.(ANALYSIS).

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_2

Step: 3

blur-text-image_3

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

Measuring Business Interruption Losses And Other Commercial Damages An Economic Approach

Authors: Patrick A. Gaughan

3rd Edition

1119647916, 9781119647911

More Books

Students also viewed these Accounting questions