Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Old MathJax webview please do question 4 and 5 The financial statements for Mr Price Group Limited are attached. Only refer to the group figures

Old MathJax webview

image text in transcribed

image text in transcribed

image text in transcribed

please do question 4 and 5

The financial statements for Mr Price Group Limited are attached. Only refer to the group figures and not the company figures. The year end is 28 March. You are required to do the financial analyses and financial ratio calculations indicated below. In your answers show your formulae, input numbers and calculations. Mr Price Group is an omni-channel fashion value retailer. The group retails apparel, homeware, and sportswear through owned and franchised stores. Consolidated Income Statements for the year ended 28 March 2020 Group Company Notes 2020 2019 2020 2019 3 23 030 22 773 22 558 22 334 20 860 373 22 385 22 125 20 572 371 21 165 373 R'm Continuing operations Revenue Retail sales and other revenue Retail sales Interest on trade receivables Income from consolidated entities Premium Income Club fees Airtime and related mobile revenue Other revenue Finance interest income 22 023 21 797 20 338 371 185 155 244 247 27 261 23 27 257 23 499 780 599 677 150 181 157 124 226 257 224 260 Costs and expenses 18 807 18 364 17 929 19 369 12 284 Cost of sales 8 12 890 12 747 12 207 4 271 4 519 4875 4 119 Selling expenses Administrative and other operating expenses 1 398 1410 1 498 1 451 4 3 966 3 965 3 761 3 868 (3) (457) 257 3 766 (418) 260 226 (4 224 4 185 1176 3 603 4 091 26 1 035 1 145 Profit from operating activities Finance costs Finance interest income Profit before taxation Taxation Net profit from continuing operations Discontinued operations Net loss from discontinued operations for the period Not profit for the period 1053 2 713 3009 2 568 2 946 16 27) 19) 2 704 2 982 2 568 2 946 4. Describe the change in working capital management from 2019 to 2020. Include a calculation and an analysis of the cash conversion cycle. [7 marks] 5. Calculate the earnings before interest and taxes for each year and the change in the return on capital employed [4 marks]

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

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

Accounting And Financial Management For Residential Construction

Authors: Emma Shinn

6th Edition

0867187816, 9780867187816

More Books

Students also viewed these Accounting questions