Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer asap :) HALAL COSMETICS LTD BALANCE SHEET AS AT DEC 31, 2015 Note 1: A charge card, unlike a credit card, must be
Please answer asap :)
HALAL COSMETICS LTD BALANCE SHEET AS AT DEC 31, 2015 Note 1: A charge card, unlike a credit card, must be paid in full each month. HALAL COSMETICS LTD INCOME STATEMENT AS AT DEC 31, 2015 Suppose the industry's average gross margin in the cosmetics manufacturing sector is 33%. How does the gross margin for Halal Cosmetics Ltd as at Dec 31, 2015 compare to the industry average? Formulae for Financial Ratio Analysis - Current Ratio = Current Asset / Current Liabilities - Quick Ratio = Quick Assets / Current Liabilities - Working Capital = Current Asset - Current Liabilities - Gross Profit Margin (Expressed as \%) = Gross Sales / Sales - Profit Margin (Expressed as \%) = Net Income /Sales - Average Collection Period (\# Days) = (Accounts Receivables * 365) / Credit Sales - Average Inventory Period (\# Days) = (Average Inventory * 365) / Cost of Goods Sold - Average Inventory =( Beginning Inventory + Ending Inventory) /2 - Debt to Equity = Total Liabilities / Shareholders' Equity It fares worse than the industry average It is on par with the industry average It fares better than the industry average Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started