Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q4. Considering the following Income statement of ABC company, Calculate the following Ratios for Year 2020: (5 marks) 1. Gross profit Ratio 2. Operating profit

image text in transcribed

Q4. Considering the following Income statement of ABC company, Calculate the following Ratios for Year 2020: (5 marks) 1. Gross profit Ratio 2. Operating profit ratio 3. Operating expense ratio 4. Net profit Ratio 5. Interest Coverage Ratio Income Statement, 2020 2020 (Rupees '000) Net sales Cost of sales Gross profit 53,601,512 (37,556,552) 16,044,960 Other income Selling and distribution expenses Administrative expenses Other expenses Operating (loss) / profit 122,211 (1,339,086) (711,411) (826,752) 13,289,922 Finance cost Share of profit of equity-accounted investees - net of tax (Loss) / profit before tax (1,498,473) 1,454,101 13,245,550 Income tax credit/(charge) Profit for the year (3,148,265) 10,097,285

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

School Finance Elections

Authors: Don E. Lifto, Bradford J. Senden, Daniel A. Domenech

2nd Edition

1607091488, 978-1607091486

Students also viewed these Finance questions

Question

b. Does senior management trust the team?

Answered: 1 week ago