Below are extracts from Ginger Yum (Pty) Ltd, a local company which supplies freshly baked goods...

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Below are extracts from Ginger Yum (Pty) Ltd, a local company which supplies freshly baked goods to supermarkets in the Western Cape. You are required to perform a vertical analysis for the 2020 financial year. In the common-size income statement for 2020, what percentage would be shown next to: Gross profit Item Turnover Cost of sales Gross profit Depreciation Profit before tax 2020 (Rands) 116 229 150 82 614 220 6 727 840 22 985 2 401 280 Note: set your calculator or Excel to display four decimals. Then round your final answer to two decimals and use a comma. For example: 5.6083%, should type 5,61. Do not type the % sign. Below are extracts from Ginger Yum (Pty) Ltd, a local company which supplies freshly baked goods to supermarkets in the Western Cape. You are required to perform a vertical analysis for the 2020 financial year. In the common-size income statement for 2020, what percentage would be shown next to: Gross profit Item Turnover Cost of sales Gross profit Depreciation Profit before tax 2020 (Rands) 116 229 150 82 614 220 6 727 840 22 985 2 401 280 Note: set your calculator or Excel to display four decimals. Then round your final answer to two decimals and use a comma. For example: 5.6083%, should type 5,61. Do not type the % sign.

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To perform a vertical analysis for the 2020 financial year we need to express each item in the incom... View the full answer