Please help with the calculation of Net profit margin, Gross profit margin, Current ratio, Acid test ratio, Accounts receivable collection period, Accounts parable payment period for the question attached Given the following Income Statement & Financial Position of Anne York, a sole trader whostarted the business of buying and selling furniture in BrightonAnne York1st of October 2021Balance SheetOctober 31, 2021Anne YorkAssetsIncome StatementCurrent Assets:For the Month Ended October 31, 2021Bank9,230Sales Revenue5,600Cash6,140Cost of Goods Sold4,830Accounts Receivable150Gross Profit770Inventory320Operating Expenses:Repair ExpenseWages ExpenseRent ExpenseTotal Current Assets£ 15,840110820Property Plant & Equipment:£ 45,000€ 12,000850FlatHotel ExpenseTotal Operating ExpensesOperating Income/ (Loss)Other Income:1,200Car2,980Computer800-£2,210Printer200Laptop1,700 £ 59,700Rent Revenue800Total Assets£ 75,540Net Income/ (Loss)|-£1,410Liabilities and Owner's EquityCurrent Liabilities:Accounts Payable5,150Owner's Equity:Anne York, Capital£ 70,390Total Liabilities and Owner's Equity£ 75,5401. Calculate the following ratios for Anne's business for October 2021Competitors AverageAccounts receivable Accountspayableраymentperiod27 Days12DaysNet profit GrossprofitmarginCurrent Acid testratiomarginratiocollection period16 Days28 DaysYear 20190.320.552.71.34Year 20200.280.562.61.32Year 20210.020.082.81.3826 Days17 Days2. Analyse Anne's perforformance with reference to the ratios of October 2021 calculated, in comparison to those of her competitor.lei

Net profit margin = Net profit (loss) / Sales Revenue = - 1410 / 5600 = - 0.25 Given Net income =…

Please help with the calculation of Net profit margin, Gross profit margin, Current ratio, Acid test ratio, Accounts receivable collection period, Accounts parable payment period for the question attached

Please help with the calculation of Net profit margin, Gross profit margin, Current ratio, Acid test ratio, Accounts receivable collection period, Accounts parable payment period for the question attached

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 48CE

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