The statement of profit or loss for JB Hi-Fi Ltd for the financial year ended 30 June

Question:

The statement of profit or loss for JB Hi-Fi Ltd for the financial year ended 30 June 2015 was provided in figure 6.2. It reports that JB Hi-Fi Ltd has increased its gross profit from $756.0 million in 2014 to $798.3 million in 2015. Its profit for 2015 is $136.5 million compared to $128.4 million in 2014. The financial performance allows a manager to assess previous decisions and inform future decisions. Hypothesise as to the reasons or business decisions contributing to the increase in the gross profit in 2015. Assess why the profit in 2015 is higher than in 2014.

Figure 6.2

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting Business Reporting For Decision Making

ISBN: 9780730363415

6th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver

Question Posted: