The mission of Orbit Limited is to achieve its vision by providing an innovative product and...
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The mission of Orbit Limited is to achieve its vision by providing an innovative product and creative customer experiences. It's talented staff are guided by the values, social conscience and customer-centric mindset espoused by the board of directors. At the core of Orbit Limited is its customers. The company is committed to successful growth by delivering excellent service to its customers to whom it offers quality and value. It is for these reasons that Orbit Limited was able to achieve success in the marketplace. However, the management has identified the need to improve in certain respects. The following are the financial statements for the past two years: Orbit Limited Statement of Financial Position as at 31 December: ASSETS Non-current assets Property, plant and equipment Investments Current assets Inventories Accounts receivable Cash Total assets 2022 R 11 810 000 10 025 000 1 785 000 4 190 000 1 875 000 1 925 000 390 000 16 000 000 2021 R 7 560 000 6 250 000 1 310 000 4 690 000 2 350 000 2 200 000 140 000 12 250 000 The mission of Orbit Limited is to achieve its vision by providing an innovative product and creative customer experiences. It's talented staff are guided by the values, social conscience and customer-centric mindset espoused by the board of directors. At the core of Orbit Limited is its customers. The company is committed to successful growth by delivering excellent service to its customers to whom it offers quality and value. It is for these reasons that Orbit Limited was able to achieve success in the marketplace. However, the management has identified the need to improve in certain respects. The following are the financial statements for the past two years: Orbit Limited Statement of Financial Position as at 31 December: ASSETS Non-current assets Property, plant and equipment Investments Current assets Inventories Accounts receivable Cash Total assets 2022 R 11 810 000 10 025 000 1 785 000 4 190 000 1 875 000 1 925 000 390 000 16 000 000 2021 R 7 560 000 6 250 000 1 310 000 4 690 000 2 350 000 2 200 000 140 000 12 250 000
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QUESTION 1 11 Calculate the increase in the retained earnings over the twoyear period Retained Earnings 2021 Profit after Tax 2021 Dividends 2021 Retained Earnings 2021 1461600 1169280 292320 Retained ... View the full answer
Related Book For
Organizational Behaviour Concepts Controversies Applications
ISBN: 978-0132310314
6th Canadian Edition
Authors: Nancy Langton, Stephen P. Robbins, Timothy A. Judge, Katherine Breward
Posted Date:
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