Grand Gardening Ltd is a successful garden design company that has been operating for many years. The

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Grand Gardening Ltd is a successful garden design company that has been operating for many years.

The ratios for Grand Gardening Ltd and the averages for the industry for the year ended 31 January 2015 were as follows.

Comment on the results of Grand Gardening Ltd by compering its ratio with the industry avengers.

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 17, 2021 01:30 AM

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Grand Gardening Ltd is a successful garden design company that has been operating for many years. The

Question:

Grand Industry Gardening Ltd averages Gross profit percentage 65% 82% Profit percentage 20% 42% Current ratio 3.1:1 2.2:1 Liquid (acid test) ratio 2.3:1 1.2:1 Rate of inventory turnover 32 days 24 days Non-current assets $30 $40 turnover Return on capital employed 18% 35%

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Grand Gardening Ltd has a higher gross profit percentage than the industry averages i...View the full answer

Accounting For Cambridge International AS And A Level

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