The executive director of Homa Ltd has circulated the following information as part of board paper:...

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The executive director of Homa Ltd has circulated the following information as part of board paper: Homa Ltd. Financial Performance for the year ended 31 March: i) Return on investment Gross profit on sales ii) iii) Number of days credit given iv) Administrative cost of sales 1999 12% 25% 30 days 7% 1998 10% 20% 45 days 10% Required: Brief report on each of the above 4 ratios indicating the reservation, if any, you may have or judging them as improvement in performance. (9 marks) The executive director of Homa Ltd has circulated the following information as part of board paper: Homa Ltd. Financial Performance for the year ended 31 March: i) Return on investment Gross profit on sales ii) iii) Number of days credit given iv) Administrative cost of sales 1999 12% 25% 30 days 7% 1998 10% 20% 45 days 10% Required: Brief report on each of the above 4 ratios indicating the reservation, if any, you may have or judging them as improvement in performance. (9 marks)

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The detailed answer for the above question is provided below i Return on Investment The return on in... View the full answer