1 Particulars 2 Revenue 3 Cost of sales 4 Gross profit s Net profit 6 Cash at bank 7 Inventory 8 Trade receivables 9 Current assets 10 Trade payable 11 Current liabilities 2020 950,000 455,000 495,000 175,000 45,000 22,000 15,000 82,000 40,000 40,000 2019 975,000 460,000 515,000 205,000 55,000 20,000 10,000 85,000 30,000 30,000 12 13 (i) Gross profit margin 14 (ii) Net profit margin 15 (iii) Current ratio 16 (iv) Quick ratio 17 (v) Trade receivable days 18 (vi) Trade payable days 19 (vii) Inventory turnover days 52.11%| 18.42% 2.050 1.500 5.76 32.09 17.65 52.82% 21.03% 2.833 2.167 3.74 23.80 15.87
1 Particulars 2 Revenue 3 Cost of sales 4 Gross profit s Net profit 6 Cash at bank 7 Inventory 8 Trade receivables 9 Current assets 10 Trade payable 11 Current liabilities 2020 950,000 455,000 495,000 175,000 45,000 22,000 15,000 82,000 40,000 40,000 2019 975,000 460,000 515,000 205,000 55,000 20,000 10,000 85,000 30,000 30,000 12 13 (i) Gross profit margin 14 (ii) Net profit margin 15 (iii) Current ratio 16 (iv) Quick ratio 17 (v) Trade receivable days 18 (vi) Trade payable days 19 (vii) Inventory turnover days 52.11%| 18.42% 2.050 1.500 5.76 32.09 17.65 52.82% 21.03% 2.833 2.167 3.74 23.80 15.87
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Compare and contrast the company’s performance for the years 2019 and 2020
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N
1 Particulars
2 Revenue
3 Cost of sales
4 Gross profit
5 Net profit
6 Cash at bank
7 Inventory
8 Trade receivables
9 Current assets
10 Trade payable
11 Current liabilities
2019
975,000
2020
950,000
455,000
495,000
175,000
45,000
22,000
460,000
515,000
205,000
55,000
20,000
15,000
82,000
40,000
40,000
10,000
85,000
30,000
30,000
12
13 (i) Gross profit margin
14 (ii) Net profit margin
15 (iii) Current ratio
52.11%
52.82%
18.42%
21.03%
2.833
2.167
3.74
23.80
15.87
2.050
16 (iv) Quick ratio
17 (v) Trade receivable days
18 (vi) Trade payable days
19 (vii) Inventory turnover days
1.500
5.76
32.09
17.65"
Transcribed Image Text:M
N
1 Particulars
2 Revenue
3 Cost of sales
4 Gross profit
5 Net profit
6 Cash at bank
7 Inventory
8 Trade receivables
9 Current assets
10 Trade payable
11 Current liabilities
2019
975,000
2020
950,000
455,000
495,000
175,000
45,000
22,000
460,000
515,000
205,000
55,000
20,000
15,000
82,000
40,000
40,000
10,000
85,000
30,000
30,000
12
13 (i) Gross profit margin
14 (ii) Net profit margin
15 (iii) Current ratio
52.11%
52.82%
18.42%
21.03%
2.833
2.167
3.74
23.80
15.87
2.050
16 (iv) Quick ratio
17 (v) Trade receivable days
18 (vi) Trade payable days
19 (vii) Inventory turnover days
1.500
5.76
32.09
17.65
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