b) Link Bank is deciding whether to grant a loan application to a new customer. As part of the analysis, calculate the percentage change for each of the headline numbers on the table below. 30th June 2020 30th June 2021 £'s E's Sales 3,420,000 2,745,000 Gross profit 1,825,000 1,365,000 Overheads 770,000 630,000 Net profit 1,055,000 735,000 Overdraft 42,000 57,000 Long term 600,000 835,000 loans
b) Link Bank is deciding whether to grant a loan application to a new customer. As part of the analysis, calculate the percentage change for each of the headline numbers on the table below. 30th June 2020 30th June 2021 £'s E's Sales 3,420,000 2,745,000 Gross profit 1,825,000 1,365,000 Overheads 770,000 630,000 Net profit 1,055,000 735,000 Overdraft 42,000 57,000 Long term 600,000 835,000 loans
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...
Related questions
Question
![b) Link Bank is deciding whether to grant a loan application to a new customer. As part of
the analysis, calculate the percentage change for each of the headline numbers on the table
below.
30th June 2021
30th June 2020
£'s
£'s
Sales
3,420,000
2,745,000
Gross profit
1,825,000
1,365,000
Overheads
770,000
630,000
Net profit
1,055,000
735,000
Overdraft
42,000
57,000
Long term
loans.
600,000
835,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F08221800-cd39-41d4-bc14-88a834ca4264%2F6c783604-bfb0-4622-b587-2e68457fc27c%2Ftx9706r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:b) Link Bank is deciding whether to grant a loan application to a new customer. As part of
the analysis, calculate the percentage change for each of the headline numbers on the table
below.
30th June 2021
30th June 2020
£'s
£'s
Sales
3,420,000
2,745,000
Gross profit
1,825,000
1,365,000
Overheads
770,000
630,000
Net profit
1,055,000
735,000
Overdraft
42,000
57,000
Long term
loans.
600,000
835,000
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