Answer to Question #80217 in Finance for Like Heron

Question

Undertake your own research to collect three pieces of financial data. Each piece of data must come from a different source. Submit a copy of the data and your comments in response to these activities to your trainer/ assessor.

c. Describe how you could index the data to ensure it can be quickly located and referred to later. Be specific.

(Profit and loss statement from the following link)
https://corporatefinanceinstitute.com/resources/knowledge/accounting/profit-and-loss-statement-pl/

Answer 1

c. To index the data to ensure it can be quickly located and referred to later we can calculate several ratios like gross profit ratio, gross margin ratio, net operating profit ratio and net profit ratio to get several conclusions about it.