Compare and contrast the company’s performance for the years 2019 and 2020 MN1 Particulars2 Revenue3 Cost of sales4 Gross profit5 Net profit6 Cash at bank7 Inventory8 Trade receivables9 Current assets10 Trade payable11 Current liabilities2019975,0002020950,000455,000495,000175,00045,00022,000460,000515,000205,00055,00020,00015,00082,00040,00040,00010,00085,00030,00030,0001213 (i) Gross profit margin14 (ii) Net profit margin15 (iii) Current ratio52.11%52.82%18.42%21.03%2.8332.1673.7423.8015.872.05016 (iv) Quick ratio17 (v) Trade receivable days18 (vi) Trade payable days19 (vii) Inventory turnover days1.5005.7632.0917.65

Ratio analysis means where different ratio of various years of years companies has been compared and…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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