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Explain how Pete has been able to achieve excellent results

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Reference no: EM133032423

Question - COMMON SIZE ANALYSIS

 

2019

2018

2017

Sales

100.00%

100.0%

100.0%

Cost of Sales

47.0%

45.2%

43.0%

Gross Profit

53.0%

54.8%

57.0%

Other expenses

16.2%

18.0%

20.0%

Operating profit

36.8%

36.8%

37.0%

Interest

4.6%

2.9%

1.5%

Profit before Tax

32.2%

33.9%

35.5%

Tax expense

9.6%

10.2%

10.7%

Net Profit

22.6%

23.7%

24.8%

Required -

(a) Explain how this analysis helps you assess the performance of WeRHere4U.

(b) Does this analysis explain how Pete has been able to achieve the excellent results? If so, how? If not, why not?

Reference no: EM133032423

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