Task 7 financial performance online paper 1
clara
Registered Posts: 19 New contributor 🐸
Please can anyone tell me how to work out scenario 3
Net assets £ £175000
Return on net assets percentage 13
Profit margin percentage 14
Gearing percentage 32.75
How do I work out profit to nearest £
And sales revenue to nearest £
Thank you
Net assets £ £175000
Return on net assets percentage 13
Profit margin percentage 14
Gearing percentage 32.75
How do I work out profit to nearest £
And sales revenue to nearest £
Thank you
0
Comments
-
Return on net assets = Profit/net assets x100 = Profit/175,000 x100 = 13
So,
Profit = 13 x 175,000 / 100 = 22,750
Profit margin percentage = Profit/Sales x100 = 22,750/Sales x100 = 14
So,
Sales = 22,750/14 x100 = 162,5000 -
PROFIT/RETURN TO THE NEAREST £
£175000*13% =£22750
SALES REVENUE TO NEAREST £
£22750/14%= £162500
HOPE THIS HELPS0 -
Thank you both.
0
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