Calculate for the year ended 30 June 2021: cost of sales.
Calculate for the year ended 30 June 2021: revenue.
Calculate the balance of the provision for doubtful debts at 30 June 2021.
Prepare the income statement for the year ended 30 June 2021. Use the next page for your workings.
Prepare the statement of changes in equity for the year ended 30 June 2021.
State the formula used to calculate the non-current asset turnover.
State what information the directors would gain from calculating the non-current asset turnover.
State three limitations of ratio analysis when comparing the performance of businesses in the same industry.