Below data extracted from Dolly Trading for the year ending 30 June 2022. Dolly Trading Statement...

 
 

Transcribed Image Text:

Below data extracted from Dolly Trading for the year ending 30 June 2022. Dolly Trading Statement of Financial Position as at 30 June 2022 (RM) Land Shop lot Accumulated depreciation Cash Inventory Account Receivables Total Account Payables Overdraft Capital Total Additional information: Sales Cost of goods sold Net profit 180,000 80,000 (60,000) 17,200 40,000 84,800 342,000 49,480 200,000 92,520 342,000 2022 (RM) 400,000 240,000 60,000 2021 (RM) 180,000 104,000 (40,000) 14,800 28,000 93,600 380,400 124,400 176,000 80,000 380,400 2021 (RM) 350,000 200,000 45,000 You are required to: a) Compute the current ratio, quick ratio, gross profit margin and net profit margin for the past 2 years (calculations based on 2 decimal points. Compulsory to write clear formula and working solutions); b) Interpret your ratios result Below data extracted from Dolly Trading for the year ending 30 June 2022. Dolly Trading Statement of Financial Position as at 30 June 2022 (RM) Land Shop lot Accumulated depreciation Cash Inventory Account Receivables Total Account Payables Overdraft Capital Total Additional information: Sales Cost of goods sold Net profit 180,000 80,000 (60,000) 17,200 40,000 84,800 342,000 49,480 200,000 92,520 342,000 2022 (RM) 400,000 240,000 60,000 2021 (RM) 180,000 104,000 (40,000) 14,800 28,000 93,600 380,400 124,400 176,000 80,000 380,400 2021 (RM) 350,000 200,000 45,000 You are required to: a) Compute the current ratio, quick ratio, gross profit margin and net profit margin for the past 2 years (calculations based on 2 decimal points. Compulsory to write clear formula and working solutions); b) Interpret your ratios result

Answer rating: 100% (QA)

a Compute the current ratio quick ratio gross profit margin and net profit margin for the past 2 years calculations based on 2 decimal points Compulso... View the full answer