Recycle pic is a listed company which recycles toxic

chemical #4713
Recycle pic is a listed company which recycles toxic chemical waste products. The waste
products are sent to recycle pic from all around the world. You are an accountant (not employed
by Recycle pic) who is accustomed to providing advice concerning the performance of
companies, on the basis of data which are available from their published financial statements.
Extracts from the financial statements of Recycle pic for the two years ended 30 September
2007 are as follows:Profit and loss accounts - year ended 30 SeptemberBalance sheets at 30
September Balance sheets at 30 September You ascertain that depreciation of tangible fixed
assets for the year ended 30 September 2007 was €1200 million. Disposals of fixed assets
during the year ended 30 September 2007 were negligible. You are approached by two
individuals.A. Is a private investigator who is considering purchasing shares in Recycle pic. A
considers that Recycle pic has performed well in 2007 compared with 2006 because turnover
has risen and the dividend to shareholders has been maintained.B. Is resident in the area
immediately surrounding the premises of Recycle pic and is interested in the contribution made
by Recycle pic to the general well-being of the community. B is also concerned about the
potential environmental effect of the recycling of chemical waste. B is uncertain how the
published financial statements of Recycle pic might be of assistance in addressing social and
environmental matters.Required:Write a full report addressed to A, supported by appropriate
ratios.View Solution:
Recycle pic is a listed company which recycles toxic chemical

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