3.1.5 Determination of how easily a company can pay the interest on its outstanding debt

3.1.6 The period that the company takes to collect the money owed to it from its credit sales

Assets Non-current assets Inventories Accounts receivable Cash and cash equivalents Equity and liabilities Equity Non-current liabilities Accounts payable Additional information 1. 2. The profit after tax for the year ended 31 December 2020 was R240 000. All purchases and sales of inventories are on credit. Use the information provided above to answer the following questions: 2 320 000 720 000 360 000 440 000 3 840 000 2 960 000 480 000 400 000 3 840 000 19 4 5 3: 2 3 Assets Non-current assets Inventories Accounts receivable Cash and cash equivalents Equity and liabilities Equity Non-current liabilities Accounts payable Additional information 1. 2. The profit after tax for the year ended 31 December 2020 was R240 000. All purchases and sales of inventories are on credit. Use the information provided above to answer the following questions: 2 320 000 720 000 360 000 440 000 3 840 000 2 960 000 480 000 400 000 3 840 000 19 4 5 3: 2 3