Appendix 1: Financial information Current year Previous year Turnover (£000) 945 900 Net profit (f000) 187 180 Average cash balances (£000) 21 20 Average trade receivables days (industry average 30...

Using the information in appendix 1 only, comment on the financial performance of the
business (briefly consider growth, profitability and credit management)

Appendix 1: Financial information<br>Current year<br>Previous year<br>Turnover (£000)<br>945<br>900<br>Net profit (f000)<br>187<br>180<br>Average cash balances (£000)<br>21<br>20<br>Average trade receivables days (industry average 30 days)<br>18 days<br>22 days<br>Inflation rate (%)<br>3<br>

Extracted text: Appendix 1: Financial information Current year Previous year Turnover (£000) 945 900 Net profit (f000) 187 180 Average cash balances (£000) 21 20 Average trade receivables days (industry average 30 days) 18 days 22 days Inflation rate (%) 3

Jun 11, 2022

SOLUTION.PDF

Appendix 1: Financial information Current year Previous year Turnover (£000) 945 900 Net profit (f000) 187 180 Average cash balances (£000) 21 20 Average trade receivables days (industry average 30...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment