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Required: Conducting your preliminary analytical procedures based on the background information for RPL. Apply analytical procedures to the financial report information of RPL for the

Required:

Conducting your preliminary analytical procedures based on the background information for RPL.

  1. Apply analytical procedures to the financial report information of RPL for the past three years and complete the following table of ratios. Calculate to 2 decimal points, unless otherwise specified.


Ratio NB: Refer to the background information of the running case study Current Assets Quick Assets Inventory

EXTRACTS FROM THE FINANCIAL REPORTS OF RPL FOR THE LAST THREE YEARS ARE AS FOLLOWS: Statement of financial


Revenue from operations Cost of sales Gross profit Allowance for inventory obsolescence written back

Note 1 2 3 Accounts receivable Allowance for doubtful debts Notes to the financial report 2013 $ Inventory

Ratio NB: Refer to the background information of the running case study Current Assets Quick Assets Inventory Turnover Gross Profit Ratio Net Profit Ratio Return on Total Assets 2013 2014 2015

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