Nestls financial statements are presented in Appendix B. Financial statements of Delfi Limited are presented in Appendix
Question:
Nestlé’s financial statements are presented in Appendix B. Financial statements of Delfi Limited are presented in Appendix C.
Instructions
a. Based on the information contained in these financial statements, determine each of the following for each company.
1. Gross profit for the most recent fiscal year reported in the appendices.
2. Gross profit rate for the most recent fiscal year reported in the appendices.
3. Operating income for the most recent fiscal year reported in the appendices. (Note: Operating income may be described with alternative labels.)
4. Percentage change in operating income for the most recent fiscal year reported in the appendices.
b. What conclusions concerning the relative profitability of the two companies can you draw from these data?
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Step by Step Answer:
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt