The financial statements for Lucky Ltd for the year ended 31 December 2014 were as follows. Additional
Question:
The financial statements for Lucky Ltd for the year ended 31 December 2014 were as follows.
Additional information:
• Dividends paid during the year $60, 000
• Retained earnings al 1 January 2014: $140,000
The ratio results for last year for Lucky Ltd are shown in the following table.
a. Calculate the following ratios for Lucky Ltd for the current year:
i. Gross profit margin
ii. Profit margin
iii. Went ratio
iv. Liquid (acid test) ratio
v. Return on capital employed.
b. Comment on the results and state whether the performance of Lucky Ltd has improved.
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a Ratio calculations i Gross profit margin Gross profit Revenue x 100 201500 289500 x 100 6962 ii Pr...View the full answer
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