Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information is extracted from the 20

The following information is extracted from the 2019,2020 and 2021 financial statements of a business....

70.2K

Verified Solution

Question

Accounting

image

The following information is extracted from the 2019,2020 and 2021 financial statements of a business. Non-current Assets Current Liabilities Non-current Liabilities 2021 ($) 2020 ($) 2019 ($) 89,700 59,700 41,100 26,100 9,300 8,460 45,300 26,100 24,300 52,500 42,300 23,940 113,700 82,500 67,500 63,300 51,300 35,100 Net Assets Total Revenue Total Expenses a. (4 marks) Calculate the ratios and complete the table below. Round your answer to the nearest 0.01% (20p). Do not include the % symbol. Do not use comma separators. For example, if your answer in decimal is 0.12345 (which equals to 12.35%), 12.35 would be the correct format. 2021 2020 Return on Assets % % Profit Margin % %

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students