The Effects of Budgetary and Other Governmental Measures on Profitability
Here we are concerned with the impact of a credit squeeze on the trading profits of a retail departmental store. The reader is required to consider the several ways in which profits are affected by fiscal and monetary measures. Attention should be given not only to costs and prices but to rates of turnover. A further problem draws attention to the effect on return to capital employed of a permanent fall in turnover. (A little careful thought will make it possible to reproduce an approximate profit and loss account and balance sheet.)
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