Turnover from continuing operations | My Assignment Tutor

Business review Template The Net Profit for the year  2016 , is £? (2015: £18,987,000). The Company’s key financial and other performance indicators during the year were as follows:  2016 £’0002015 £’000Change %  Turnover (continuing operations)  189,711  179,587  +5.6%Profit for the financial year?     18,987   + ? %Shareholder’s equity?63,057+32.9%  Current assets as % of current liabilities       ? %  304%  -82%Customer satisfaction4.54.1+10%Average number of employees649618+5% Turnover from continuing operations increased by 5.6% during the year, primarily due to the acquisition of the Extinguishers business on 1 May 2015, which made a full years contribution in 2016. Gross Profit = £? Net Profit = £? Net Profit increased in 2016 by  ? % during the year. Shareholders’ equity increased by 32.9% by £?. The company’s “quick ratio” (Current Assets (excluding stock) divided by Current Liabilities) is ? The company’s “current ratio” (Current Assets divided by Current Liabilities.) is ? PLEASE SHOW YOUR WORKING OUT OF EACH OF THESE CALCULATIONS Notes to the financial statements at 31 December 2016 3. Turnover Turnover recognised in the income statement is analysed as follows.  2016 2015 £000 £000  Sale of goods  189,711   179,587    Turnover from continuing operations189,711 179,587             4. Cost of Sales    2016 2015 £000 £000  Material Cost    42,597     38.845  Production Cost    15,231     12,845  Labour Cost    50,758     47,285    Cost of Sales108,586  98,975        5. Overheads    2016 2015 £000 £000  Administrative Expenses    13,751       20,251   Other Operating Costs    22,374     34,293  Interest      1,943       7,081    Total Overheads  38,068  61,625      

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