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You have recently been appointed to the board of directors of SAC (Pty) Ltd and...

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Accounting

You have recently been appointed to the board of directors of SAC (Pty) Ltd and has been invited to your first board meeting. On arrival you received the audited financial statements for the year ended February 2020. Discussing the financial statements is the last point on the agenda.

Required: You do not have time to analyse the financial statements.

Name five (5) key numbers you will look at to get an overview of the profitability and financial health of the company. Discuss the reasons why you selected that number

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