a. Calculate the following ratios: i. Profitability ratios - Return on Capital Employed, Return on Equity, Gross
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Question:
a. Calculate the following ratios:
i. Profitability ratios - Return on Capital Employed, Return on Equity, Gross profit margin and Net profit margin
ii. Long-term solvency and stability - Debt/Asset ratio, Gearing ratio, and Interest cover
iii. Short-term solvency and liquidity – Current ratio and Acid test ratio
iv. Efficiency (turnover ratios) – Account receivable collection period, Account payable payment period, Inventory turnover (times)
b. Prepare a report addressed to the Chief Executive Officer, assessing the relative performance and financial position of Glory Ltd for the year ended 31st December 2018
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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