Case study: 2 (10 marks) Case Study 2: (10 marks) Income Statement JPT Pty Ltd For year ending June 30, 2020 Sales Gross Profit Expenses Wages Electricity Advertising Administration Insurance Other utilities Total Expenses Net Profit a) Calculate and comment on the Net Profit ratio (net profit/ sales) for JPT Pty Ltd? (2 marks) b) Reccomenent TWO profitability strategies that JPT could use to improve profitability? (4 Marks) c) Why are financial reports limited in terms of debt repayments and capitalising expenses? (4 Marks) Case study: 2 (10 marks) Case Study 2: (10 marks) Income Statement JPT Pty Ltd For year ending June 30, 2020 Sales Gross Profit Expenses Wages Electricity Advertising Administration Insurance Other utilities Total Expenses Net Profit a) Calculate and comment on the Net Profit ratio (net profit/ sales) for JPT Pty Ltd? (2 marks) b) Reccomenent TWO profitability strategies that JPT could use to improve profitability? (4 Marks) c) Why are financial reports limited in terms of debt repayments and capitalising expenses? (4 Marks)