Sum 1: Extracts from the financial statements of Highbury, a commercial baker for the years ended...
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Sum 1: Extracts from the financial statements of Highbury, a commercial baker for the years ended 31 October 20X7 and 20X8 are as follows: Revenue Cost of sales Gross Profit PBIT Share Capital Retained earnings Revaluation reserve 20X7 $ 3,400 (1,200) 2,200 1,150 20X8 $ 100 2,300 3,620 (1,420) 2,200 1,300 100 3,150 500 2,400 3,750 There is no debt in Highbury's accounts. Calculate performance ratios for Highbury and comment on the performance in 20X8 as compared to 20X7. Sum 1: Extracts from the financial statements of Highbury, a commercial baker for the years ended 31 October 20X7 and 20X8 are as follows: Revenue Cost of sales Gross Profit PBIT Share Capital Retained earnings Revaluation reserve 20X7 $ 3,400 (1,200) 2,200 1,150 20X8 $ 100 2,300 3,620 (1,420) 2,200 1,300 100 3,150 500 2,400 3,750 There is no debt in Highbury's accounts. Calculate performance ratios for Highbury and comment on the performance in 20X8 as compared to 20X7.
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Related Book For
Intermediate Accounting Volume 2
ISBN: 9781260881240
8th Edition
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
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