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The following extracts are from the financial statements of Trendy Fashions (Pty) Ltd for the financial year ended 31 December 2022: Statement of Profit or
The following extracts are from the financial statements of Trendy Fashions (Pty) Ltd for the financial year ended 31 December 2022: Statement of Profit or Loss and Other Comprehensive Income information for the year ended 31 December 2022: Statement of Financial Position information as at 31 December 2022: There were 365 days during the year. Calculate the following ratios on 31 December 2022 for Trendy Fashions (Pty) Ltd, and briefly interpret the movement from the previous year's \% / ratio calculation: 4.1) Gross profit percentage (5 marks) 4.2) Working capital cycle (10 marks) Round your ratio answers off to two decimal places. Where the number of days is required, round up to the nearest number of days
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