The following information relates to Helena Limited: Required: Calculate the following accounting ratios for each of the five years from 30 April 2008 to 2012
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Required:
Calculate the following accounting ratios for each of the five years from 30 April 2008 to 2012 inclusive:
(a) Gross profit
(b) Mark-up
(c) Stock turnover
(d) Trade debtor collection period
(e) Trade creditor paymentperiod.
Trading account year to 30 Apri 2008 209 2010 2011 2012 000 190 000 320 Sales (all credit) Less Cost of goods sold Opening stock Purchases (all in credit terms) 130 150 210 20 110 130 30 100 35 145 180 305 345 110 140 30 110 40 135 165 35 130 Less Closing stock 140 70 100 100 245 75 150 Gross proft Trade debtors at 30 April Trade creditors at 30 April 45 20 25 25
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HELENA LIMITED Accounting ratios 1 Gross profit Gross profit Sales x 100 2 Markup Gr... View full answer
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Authors: John R. Dyson
8th Edition
273722972, 978-0273722977
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