LPC Law Notes Business Law and Practice Notes
A collection of the best LPC BLP notes the director of Oxbridge Notes (an Oxford law graduate) could find after combing through dozens of LPC samples from outstanding students with the highest results in England and carefully evaluating each on accuracy, formatting, logical structure, spelling/grammar, conciseness and "wow-factor".
In short these are what we believe to be the strongest set of Business Law and Practice notes available in the UK this year. This collection of notes is fully upda...
The following is a more accessible plain text extract of the PDF sample above, taken from our Business Law and Practice Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:
BUSINESS ACCOUNTS
Ratios | ||||
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Return on Capital Employed [ROCE] Indicated the rate of return on the capital employed in the business. The higher, the better. | ||||
$$\frac{Net\ Profit}{Capital\ Employed}\ \times \ 100\%$$ | Net Profit:
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Capital Employed:
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Net Profit Percentage (Net Return on Sales) Gives the net profit margin on sales and is based on the profit figure before interest has been paid. | ||||
$$\frac{Net\ Profit}{Sales}\ \times \ 100\%$$ | Net Profit:
Companies: before deduction of interest AND tax | |||
Sales: = turnover | ||||
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Gearing Ratio Analyses the financial structure of the company. | ||||
$$\frac{Borrowings}{Capital\ Employed}\ \times \ 100\%$$ | Borrowings:
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Capital Employed:
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A high geared business has acquired most of its long-term finance by borrowing whereas a low geared business will have most of its long-term finance from its proprietors. | ||||
Liquidity Ratios | ||||
Current Ratio | Acid Test Preferred measure of the position of a business. | |||
$$\frac{Current\ Assets}{Current\ Liabilities}\ :1$$ | Current Assets:
| $$\frac{Liquid\ Assets}{Current\ Liabilites}\ :1$$ | Liquid Assets:
| |
Current Liabilities:
| Current Liabilities:
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If the ratio is less than 1:1 this will usually give cause for concern – may signify shortage of working capital. | ||||
Earnings per Share (companies only) Primary measure of a... |
Buy the full version of these notes or essay plans and more in our Business Law and Practice Notes.
A collection of the best LPC BLP notes the director of Oxbridge Notes (an Oxford law graduate) could find after combing through dozens of LPC samples from outstanding students with the highest results in England and carefully evaluating each on accuracy, formatting, logical structure, spelling/grammar, conciseness and "wow-factor".
In short these are what we believe to be the strongest set of Business Law and Practice notes available in the UK this year. This collection of notes is fully upda...
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