zip, 24.48 MB
zip, 24.48 MB
zip, 6.87 MB
zip, 6.87 MB
zip, 8.65 MB
zip, 8.65 MB

2.3.1
Profit
a) Calculation of:
o gross profit
o operating profit
o profit for the year (net profit)
b) Statement of comprehensive income (profit and loss
account):
o measuring profitability:

  • calculation of gross profit margin, operating profit
    margin, and profit for the year (net profit) margin
    o ways to improve profitability
    c) Distinction between profit and cash
    2.3.2
    Liquidity
    a) Statement of financial position (balance sheet):
    o measuring liquidity:
  • calculating current ratio and acid test ratio
    o ways to improve liquidity
    b) Working capital and its management: the importance of
    cash
    2.3.3
    Business failure
    a) Internal and external causes of business failure:
    o financial factors
    o non-financial factors

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