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Prepare a report for Duncan Tweedy

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Question - Duncan Tweedy wishes to invest some money in one of two private companies. He has obtained the latest financial statements for Byrne Ltd and May Ltd prepared for internal purposes. As part of his decision making process he has asked you to assess the relative profitability of the two companies, based on the following ratios.

 

Byrne Ltd

May Ltd

ROCE

21.5%

32.1%

Gross profit percentage

59%

67%

Operating profit percentage

25%

36%

Required - Prepare a report for Duncan Tweedy that:

(a) Uses each ratio to comment on the relative profitability of the companies, and

(b) Concludes, with reasons, which company is the more profitable.

Reference no: EM133077008

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