Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

STUDY the following mfg plc. published account... year.................................2020 2019 current asset......................9929 1129 liability twice the 2019 current asset, and 2020 was 3.75 time 2019. Revenue................................2,319,327

STUDY the following mfg plc. published account...

year.................................2020 2019

current asset......................9929 1129

liability twice the 2019 current asset, and 2020 was 3.75 time 2019.

Revenue................................2,319,327 1, 351,973

Cost of goods sold.............. 730,004 826,946

Gross profit..........................19.34% 11.95%

Selling & Distri.....................415,066 415,553

Admin expenses.................211,403 312,263

depreciation...........................1,581 1,531

Operating profit..................... // //

other income................................87 20

Net fin. income(expense).....185 (475)

Net profit b.4 tax..............1,545 1,223

tax exp/credit.................(278) (400)

net profit......................??? ??

Questions.

compute

one Ratio each in solvency, profitability and liquidity. show the workings and GIVE YOUR INTERPRETATIONS.(ANALYSIS).

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

Sound Investing, Chapter 19 - Related-Party Transaction Ruse

Authors: Kate Mooney

1st Edition

0071719415, 9780071719414

More Books

Students also viewed these Accounting questions