Question
Use the following information to answer questions 5-12. XYZ Natural Gas is the private natural gas distribution company serving the widest geographic area in Turkey
Use the following information to answer questions 5-12.
XYZ Natural Gas is the private natural gas distribution company serving the widest geographic area in Turkey with 21 distribution licenses, distributing 8.9 billion m3 natural gas over a network length of 24,421 km, with a market share of 20.5%. XYZ Natural Gas, operates in 27 cities, 167 districts and villages. There is the monopoly status of BOTA in the supply of natural gas and dependence on imported gas. Using the information given below, foreign sales are less than domestic sales, which increases the foreign exchange risk of the company.
- Revenues and cost of sales
|
|
|
| 1 January- 31 December 2017 |
|
| 1 January- 31 December 2016 |
|
Domestic sales |
|
|
2,645,177,899 |
|
|
2,916,076,711 |
| Foreign sales |
|
| 954,133,969 |
|
| 262,606,821 |
| Sales returns |
|
| -- |
|
| (481,692) |
| Net sales |
|
| 3,599,311,868 |
|
| 3,178,201,840 |
| Cost of sales (-) |
|
| (3,283,982,668) |
|
| (2,907,157,616) |
| Gross profit |
|
| 315,329,200 |
|
| 271,044,224 |
true or false?
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Finance And Sustainability
Authors: William Sun, Celine Louche, Roland Perez
1st Edition
1780520921, 978-1780520926
