Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. financial information related to claudia sales fo

Financial information related to Claudia Sales for the year to 30 April 2019 were...

50.1K

Verified Solution

Question

Accounting

Financial information related to Claudia

image

Sales for the year to 30 April 2019 were 89m, yielding a gross profit of 8.7m and a profit before tax (after finance costs) of 8.2m. At the beginning of the year to 30 April 2020, the company bought new manufacturing equipment and recruited six more sales staff. Sales for the year to 30 April 2020 were 131m, with an operating profit of 8.5m, and a profit before tax of 7m.

Task

a. Calculate the cash operating cycle of Claudia for the years ending 30 April 2019 and 2020.

As on 30 April 2020 As on 30 April 2019 m m 40.8 36.4 Non-current assets Current assets Inventory Receivables Cash 22.0 21.0 0.0 43.0 83.8 9.5 10.8 0.2 20.5 56.9 Total assets Capital and reserves Issued share capital Reserves Equity shareholder's funds Current liabilities Bank overdraft Trade payables 11.8 38.4 50.2 11.8 32.7 44.5 13.1 20.5 33.6 83.8 4.2 8.2 12.4 56.9 Total equity and liabilities

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

Q

Question: Briefly describe what might happen following a change in blood pressure after standing up from...

Biology
Q

QUESTION 9 A nutritionist claims that children under the age of 10 years are consuming more...

Basic Math
Q

Diversity tends to increase productivity in a community Which of the following may explain this...

Biology
Q

10 6 A 3 1 D 2 11 y 10 2 TO 2 B 7...

Geometry
Q

1500 19 To Earn More Get Married Data show that men who are married and...

Statistics
Q

793 Find f x if f x 1 x Select one O O O O...

Calculus
Q

4 Express the equation in exponential form A log27 3 3 B logs 0 008...

Calculus
Q

QS 3-24 (Static) Identifying post-closing accounts LO P6 For each account, identify whether it is...

Accounting
Q

Melville Inc. purchased 2,000 common shares (20\%) of Raymore Ltd. on January 1, Year 5...

Accounting
Q

Which of the following, if any, is an advantage of using the simplified method for...

Accounting
Q

Prepare journal entries to record the following four separate issuances of stock 1. A corporation...

Accounting
Q

The risk-free rate is 4.8%, and expected inflation is 3.2%. If inflation expectations change such...

Finance