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What business or industry sector is below the company involved, by referring to the below information? Should be creative and provide background information about the
What business or industry sector is below the company involved, by referring to the below information?
Should be creative and provide background information about the company.
Hochat International PLC's Statements of Comprehensive Income for the years ending 31st December 2019 64.6% 2016 68.5% 2015 72.6% 2018 5000s 2017 $000s 13.2% 16.7% 25.4% 170,000 175,000 (59, 170) 115,830 Gross profit margin (GPM) Net profit margin (NPM) Acid-test ratio Inventory turnover Receivables collection period Gearing ratio 2.4:1 4 times 90 days 3.60:1 5.22 6 times 3.72:1 5,67 6 times (62,050) 107,950 (88,262) 19,688 Revenue Cost of Sales Gross Profit Operating expenses Operating profit Finance cost Profit before tax Tax expense Profit for the period 68 days 65 days 48% 30.5% 32.5% (7,700) 11,988 (2388) 9,600 (84,150 31,680 (8,300 23,380 (4.740) 18,640 Additional information: 1. Hochats operating expenses include research and development expenses, advertising and promotion expenses, and selling, general and administrative expenses. Hochat International PLC's Statements of Financial Position as at 31.12.2018 31.12.2017 $000s $000s 2. Selling, general and admnistrative expenses for 2018 and 2019 (forecasts) include donations and costs incurred to conduct community projects amounting to $5,400,000 and $9,500,000, respectively. 124,000 131,320 130,000 124,800 Inventories 19,390 40,290 200 315,200 14,050 34.500 5,150 308,500 Non-Current Assets Intangible assets Tangible assets Current Assets Trade receivables Cash and cash equivalents Total assets Shareholders' equity Ordinary shares @ $1 Share premium Retained earnings Non-Current Liabilities 10% loans Current Liabilities Trade payables Total shareholders' equities and liabilities 140,000 30,000 53,850 140,000 30,000 44,250 77,000 83,000 14,350 11,250 315,200 308,500Step by Step Solution
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