Question: -Using appendix H and appropriate calculations, assess the extent to which the shareholders of Sports Direct would be pleased with the profitability of the company.

-Using appendix H and appropriate calculations, assess the extent to which the shareholders of Sports Direct would be pleased with the profitability of the company.

Extract H JD Sports JD Sports is a British sports-fashion company based in Bury. JD Sports has around 400 stores in the UK and Republic of Ireland. JD Sports has recently expanded through opening new stores as well as developing its e-commerce system. Below are selected extracts from JD Sports 2020 Annual report: Non-current liabilities $1,816.3 million Total equity E1,289.2 million Operating profit E426.6 million Selected ratios for 2019: Gearing 17.48% Return on capital employed (ROCE) 26.53% Source: https://files.jdpic. com/pdf/reports/annual-report-and-accounts-2020.pdf

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