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MAC3702 Assignment 1 Semester 2 -1 (2023) A+ SOLUTIONS 100% CA$5.77   Add to cart

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MAC3702 Assignment 1 Semester 2 -1 (2023) A+ SOLUTIONS 100%

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MAC3702 Assignment 1 Semester 2 -1 (2023) A+ SOLUTIONS 100%

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  • October 8, 2023
  • 9
  • 2023/2024
  • Exam (elaborations)
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MAC3702


Assignment 1


Semester 1 & 2


2022-2023


Unique No.:71xxx0

, Question 1


Pecasi Limited is the largest clothing retailer in South Africa and is listed on the Johannesburg Stock
Exchange (JSE). The company have more than 3 000 retail stores, the majority of which are in South
Africa.

The recent depreciation of the rand against world’s major currencies (exacerbated by local politics,
slowing economy and rising levels of unemployment) has sent the JSE share index into a downward
spiral and the shareholders of Pecasi Limited have also seen a sharp decline in their investment
value in the company.

The statement of profit or loss and the statement of financial position of Pecasi Limited are provided
below:

Statement of profit or loss
For the year ended 31 March 2020

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