STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER:SalesCost of sales2022R2021R16 200 00014 400 000(7 020 000)(6 120 000)Gross profitOther operating incomeDistribution expensesAdministrative expensesOperating profitFinance incomeFinance expensesProfit before taxCompany taxProfit after tax9 180 000540 000(5 400 000)?2 160 00019 800(15 660)2 164 140(649 242)1 514 8988 280 000504 000(4 860 000)?1 944 0009 720(31 680)1 922 040(576 612)1 345 428 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER - explain the change that possibly took place during 2022 in respect of: - long-term borrowing - property, plant and equipment - calculate the administrative expenses for 2002 - was there any change to the company tax rate in 2002, explain -assess the performance of the company from the information without using ratios - recommend 4 ways that the company can improves its profitability

The query involves the analysis of financial information from a comprehensive income statement for…

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER - explain the change that possibly took place during 2022 in respect of: - long- term borrowing - property, plant and equipment - calculate the administrative expenses for 2002 - was there any change to the company tax rate in 2002, explain - assess the performance of the company from the information without using ratios - recommend 4 ways that the company can improves its profitability

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER - explain the change that possibly took place during 2022 in respect of: - long- term borrowing - property, plant and equipment - calculate the administrative expenses for 2002 - was there any change to the company tax rate in 2002, explain - assess the performance of the company from the information without using ratios - recommend 4 ways that the company can improves its profitability

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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