Ritz Company Limited has been in business for some time. The business mostly sells groceries and...
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Ritz Company Limited has been in business for some time. The business mostly sells groceries and is one of the largest grocery selling companies in Swaziland. Below shows the financial highlights for the two years: Financial Highlights Sales (All on Credit) Cost of Goods Sold Total Expenses Cash At Bank Bank Overdraft (Limit $3000) Inventory Debtors Creditors Shareholders Equity Long Term Liabilities Fixed Assets (Net) 2015 $ 60 000 39 000 12 000 12 000 18 000 12 000 21 000 60 000 2016 S 90 000 63 000 15 000 18 000 33 000 30 000 24 000 72 000 12 000 69 000 93 000 REQUIRED: Comment on the profitability and liquidity status of the company using key ratios. (20 Marks) Ritz Company Limited has been in business for some time. The business mostly sells groceries and is one of the largest grocery selling companies in Swaziland. Below shows the financial highlights for the two years: Financial Highlights Sales (All on Credit) Cost of Goods Sold Total Expenses Cash At Bank Bank Overdraft (Limit $3000) Inventory Debtors Creditors Shareholders Equity Long Term Liabilities Fixed Assets (Net) 2015 $ 60 000 39 000 12 000 12 000 18 000 12 000 21 000 60 000 2016 S 90 000 63 000 15 000 18 000 33 000 30 000 24 000 72 000 12 000 69 000 93 000 REQUIRED: Comment on the profitability and liquidity status of the company using key ratios. (20 Marks)
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To assess the profitability and liquidity status of Ritz Company Limited well calculate some key financial ratios based on the provided financial high... View the full answer
Related Book For
Global Marketing management
ISBN: 978-0470505748
5th edition
Authors: Masaaki Kotabe, Kristiaan Helsen
Posted Date:
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