This report provides a comprehensive analysis of accounting and finance principles. Part A focuses on the financial performance of Gray plc, evaluating profitability, efficiency, liquidity, investment, and financial structure ratios using financial data from 2019 and 2020. The analysis includes detailed calculations and comparisons to assess the company's performance in key areas such as return on capital employed, operating profit, gross profit, inventory turnover, accounts receivable and payable days, current ratio, acid test ratio, earnings per share, price-earnings ratio, interest coverage, and gearing ratio. Part B shifts the focus to Great Manor plc, examining the objectives of a budgetary control system and the concept of a participative style of budgeting, emphasizing how these elements can improve financial performance. The report aims to provide insights into financial statement analysis and budgetary control to enhance financial decision-making.
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