a) Calculate the gross profit margin for 2021. b) Calculate the gross profit margin for 2020. c)
Question:
a) Calculate the gross profit margin for 2021.
b) Calculate the gross profit margin for 2020.
c) Calculate the net profit margin for 2020.
d) Calculate the net profit margin for 2021.
e) Calculate the current ratio for 2021.
f) Calculate the current ratio for 2020.
g) Calculate the receivable days for 2021.
h) Calculate the receivable days for 2020
i) Calculate the payable days for 2021.
j) Calculate the payable days for 2020.
k, Which year is performing better?
a. 2020
b. 2021
n
Pleat Limited | ||||
Statement of Profit and Loss for the year ended 31 December | ||||
2021 | 2021 | 2020 | 2020 | |
€ | € | € | € | |
Sales | 2,435,600 | 2,225,400 | ||
Less: Cost of Sales | ||||
Opening Inventory | 110,356 | 105,466 | ||
Purchases | 1,753,632 | 1,535,526 | ||
Closing Inventory | -114,500 | -110,356 | ||
1,749,488 | 1,530,636 | |||
Gross Profit | 686,112 | 694,764 | ||
Less: Expenses | 438,408 | 422,826 | ||
Net Profit for the year | 247,704 | 271,938 |
Plant Limited | ||||
Statement of Financial Position as at the 31st December | ||||
2021 | 2021 | 2020 | 2020 | |
€ | € | € | € | |
Non Current Assets | ||||
Land & Buildings | 1,520,000 | 1,182,123 | ||
Plant & Machinery | 302,500 | 385,000 | ||
1,822,500 | 1,567,123 | |||
Current Assets | ||||
Bank | 12,350 | 10,222 | ||
Trade Receivables | 133,958 | 133,524 | ||
Inventory | 114,500 | 110,356 | ||
260,808 | 254,102 | |||
Total Assets | 2,083,308 | 1,821,225 | ||
Equity & Liabilities | ||||
Equity & Reserves | ||||
Ordinary Share Capital | 1,000,000 | 1,000,000 | ||
Retained Earnings | 889,134 | 641,430 | ||
1,889,134 | 1,641,430 | |||
Current Liabilities | ||||
Trade Payables | 184,131 | 171,979 | ||
PAYE Liability | 6,543 | 4,566 | ||
Accruals | 3,500 | 3,250 | ||
194,174 | 179,795 | |||
Total Equity & Liabilities | 2,083,308 | 1,821,225 |
Statistics The Exploration & Analysis of Data
ISBN: 978-1133164135
7th edition
Authors: Roxy Peck, Jay L. Devore