REQUIRED Calculate the following ratios for 2022 (expressed to two decimal places) and in each...
50.1K
Verified Solution
Link Copied!
Question
Accounting
REQUIRED Calculate the following ratios for 2022 (expressed to two decimal places) and in each case state whether the ratio for the company is better or worse than the industry average. The ratios for the industry are provided in brackets. Note: Use formulas provided in the formula sheet only (that appear after QUESTION 5). 5.1 Gross profit margin (Industry: 40.25%) (3 marks) 5.2 Trade payables average number of days (Industry: 59.45 days) (3 marks) 5.3 Return on capital employed (Industry: 10.56%) (3 marks) 5.4 Operating profit margin (Industry: 21.62%) (2 marks) 5.5 Acid test ratio (Industry: 0.97:1) (3 marks) 5.6 Debt to equity (Industry: 66.79%) (3 marks) 5.7 Inventory average number of days (Industry: 55 days) (3
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.