Question: Comparative financial statements are provided for Bletchington Software Pty Ltd. Bletchington Software Ltd Extract from Income Statement Sales Revenue Cost of Sales Gross Profit
Comparative financial statements are provided for Bletchington Software Pty Ltd. Bletchington Software Ltd Extract from Income Statement Sales Revenue Cost of Sales Gross Profit Expenses Profit/(Loss) Bletchington Software Ltd Extract from Balance Sheet Assets Current assets Non-current assets Total assets Liabilities Current liabilities Non-current liabilities Total liabilities Equity Total liabilities and equity 2022 ($) 2021 ($) 658,000 603,000 (313,000). (509,000). 345,000 94,000 (234,000) (151,000) 111,000 (57,000) 2022 ($) 262,000 525,000 787,000 142,000 289,000 2021 ($) 186,000 458,000 644,000 126,000 398,000 431,000 524,000 356,000 120,000 787,000 644,000 Additional information Current assets in 2022 included $83,000 inventory ($91,000 in 2021). Current assets in 2022 included $114,000 accounts receivable ($85,000 in 2021).
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SOLUTIONS Based on the information provided here are some key financial ratios for Bletchington Soft... View full answer
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