How do I analyze the financial statements and make recommendations for the board? EES. Middle East Profit
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
EES. Middle East Profit & Loss Sales € Cost of sales (direct labour and direct expenses) C Cost of sales (direct labour and direct expenses) % Gross margin E Gross margin % of sules Operating expenses E Operating expenses % of sales Finance expenses E Finance expenses % of sales Net profit £ Net profit % of sales All Local Taxes (15%) Profit after tax £ Profit after tax % Retained earnings for year ActualFY Yr-3 51.8% 22.6% 0.22% 25.33% 21.59% 6,845,000 3,545,832 3,299,168 1,548,634 15,400 1,735,134 260,270 1,474,864 1,474,864 ActualFY Yr-2 5,000, 150 2,800,500 50.0% 2,199,650 1,254,000 25.1% 0.32% 929,650 18.39% 16,000 15.30% 139,448 790,203 790,203 ActualFY Yr-1 3,851,587 2,450,158 03.09 1,401,429 26.4% 1,154,876 30.0% 0.44% 590% 5.07% 17,000 229,553 34,433 195,120 195,120 Budget Current year 3,250,000 2,250,000 09.2% 1,000,000 30.3% 29.2% 0.52% 1.02% 0.807276 950,000 17,000 33,000 4,550 28,050 28,050 EES. Middle East Profit & Loss Sales € Cost of sales (direct labour and direct expenses) C Cost of sales (direct labour and direct expenses) % Gross margin E Gross margin % of sules Operating expenses E Operating expenses % of sales Finance expenses E Finance expenses % of sales Net profit £ Net profit % of sales All Local Taxes (15%) Profit after tax £ Profit after tax % Retained earnings for year ActualFY Yr-3 51.8% 22.6% 0.22% 25.33% 21.59% 6,845,000 3,545,832 3,299,168 1,548,634 15,400 1,735,134 260,270 1,474,864 1,474,864 ActualFY Yr-2 5,000, 150 2,800,500 50.0% 2,199,650 1,254,000 25.1% 0.32% 929,650 18.39% 16,000 15.30% 139,448 790,203 790,203 ActualFY Yr-1 3,851,587 2,450,158 03.09 1,401,429 26.4% 1,154,876 30.0% 0.44% 590% 5.07% 17,000 229,553 34,433 195,120 195,120 Budget Current year 3,250,000 2,250,000 09.2% 1,000,000 30.3% 29.2% 0.52% 1.02% 0.807276 950,000 17,000 33,000 4,550 28,050 28,050
Expert Answer:
Answer rating: 100% (QA)
To make recommendation after analyzing the income statement fo... View the full answer
Related Book For
Auditing The Art And Science Of Assurance Engagements
ISBN: 9780136692089
15th Canadian Edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones
Posted Date:
Students also viewed these accounting questions
-
Review the Financial Statements and make some initial observations about the company. Come up with at least 3 observations about the company. (For example, by looking at the Income Statement you can...
-
The financial statements and accompanying notes of Corus Entertainment are presented in Appendix A at the end of this book. Instructions (a) What classifications does Corus use in its balance sheet?...
-
The following are key extracts from the financial statements and market data of Kings Motors PLC and its competitor LSE Motors PLC for financial years ending 31st of December 2020 and 2021: Kings...
-
Suppose the weight of pieces of passenger luggage for domestic airline flights follows a normal distribution with u = 28 pounds and o = 5.7 pounds. (a) Calculate the probability that a piece of...
-
What is natural about the natural rate of unemployment? Why might the natural rate of unemployment differ across countries?
-
Consider the series a. Write the first four terms of the sequence of partial sums S 1 , . . . S 4 . b. Write the nth term of the sequence of partial sums S n . c. Find and evaluate the series. 1 1 k...
-
Jim makes a deposit of $\$ 12,000$ in a bank account. The deposit is to earn interest annually at the rate of $9 \%$ percent for seven years. (a) How much will Jim have on deposit at the end of seven...
-
A rural clinic hires its staff from nearby cities and towns on a part-time basis. The clinic attempts to have a general practitioner (GP), a nurse, and an internist on duty during at least a portion...
-
Do the following two parts: (a) Find the sum-of-products expansion of the Boolean function F (w, x, y, z) that has the value 1 if and only if an odd number of w, x, y, and z have the value 1. (b)...
-
You work for the 3T company, which expects to earn at least 18 percent on its investments. You have to choose between two similar projects. Below is the cash information for each project. Your...
-
Give a financial analysis of Concord Hospital: Concord Hospital Ratio Analysis 2019 (Answer) Formula in Numbers 2018 (Answer) Formula in Numbers Becker Comparison Current Ratio Accounts Receivable...
-
Conduct a survey asking the following questions. a. Do you doodle? b. If you doodle, which of the following do you doodle? c. When do you most often doodle? (1) circles, curves, or spirals (2)...
-
Suppose TCP operates over a 1-Gbps link. (a) Assuming TCP could utilize the full bandwidth continuously, how long would it take the sequence numbers to wrap around completely? (b) Suppose an added...
-
Modify the simplex-talk socket program so that each time the client sends a line to the server, the server sends the line back to the client. The client (and server) will now have to make alternating...
-
Give some details of how you might augment the sliding window protocol with flow control by having ACKs carry additional information that reduces the SWS as the receiver runs out of buffer space....
-
Assume that it takes 32 bits to carry each MPLS label that is added to a packet when the shim header of Figure 4.20 (b) is used. (a) How many additional bytes are needed to tunnel a packet using the...
-
Evaluate your personal selling Strategies in relation to the overall Strategies of your department/branch(consider: ore they aligned, do they contribute to the overall targets and are they consistent...
-
Refrigerant R-12 at 30C, 0.75 MPa enters a steady flow device and exits at 30C, 100 kPa. Assume the process is isothermal and reversible. Find the change in availability of the refrigerant.
-
Compare managements responsibilities for internal control to those of the auditor.
-
The use of data analytics can cause the auditor to apply an inappropriate level of professional skepticism. Explain why.
-
Below is a transcript of a May 15 Zoom videoconference call between Joe Anthony, the partner, and Leslie Nagan, the manager JA: Leslie, I cant hear you. Leslie, I think that you are on mute. Scroll...
-
An article states there is no significant evidence that median income increased. The implied null hypothesis is: (1) Median income increased. (2) Median income changed. (3) Median income did not...
-
If you make multiple measurements of your height, you are likely to find that the results vary by nearly half an inch in either direction due to measurement error and actual variations in he ight....
-
Migrating geese tend to travel at approximately constant speed, flying in segments that are straight lines. A goose flies 32 km south, then turns to fly 20 km west. Afterward, how far is the goose...
Study smarter with the SolutionInn App