Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please show your working and explain the reasoning for your answer. Gygax RPG Ltd Statement of Financial Performance for the year ended June 30, 2020

Please show your working and explain the reasoning for your answer.

image text in transcribed

image text in transcribed

Gygax RPG Ltd Statement of Financial Performance for the year ended June 30, 2020 Gygax RPG Ltd Statement of Financial Position as at June 30, 2020 ($000s) Owners' Equity Shareholders' funds NPAT Total owners' equity ($000s) 2720 $ 140 ($000s) $ 3,756 $ 2,453 $ $ 613 $ 60 $ 140 490 Sales Cost of goods sold Depreciation expense Interest expense Tax expense NPAT 2860 Assets Cash Accounts receivable Inventory Trademarks and brands Plant and equipment Total assets 106 192 368 100 5354 6120 Liabilities Accounts payable Overdraft (short term) Long term debt Total liabilities 144 1039 2077 3260 2860 Calculate the return on equity for the entity. Comment on the ROE. What other information would you want in order to decide whether this is an acceptable result or not? A B IT III 013 U S X2 x2 = = = E E ml ! I 6 1 GO >

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

Excel For Accountants Tips, Tricks & Techniques

Authors: Conrad Carlberg

1st Edition

1932925015, 9781932925012

More Books

Students also viewed these Accounting questions

Question

What are the new services realities? (p. 428)

Answered: 1 week ago