Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4.1 Calculate the following ratios for 2022 (expressed to two decinal places). Note: Use the formulas provided in the formula sheet only (that appeer after

image text in transcribed

4.1 Calculate the following ratios for 2022 (expressed to two decinal places). Note: Use the formulas provided in the formula sheet only (that appeer after QUESTION 5). 4.1.1 Gross prote margin 4.1.2 Net profit mergin 4.1 .3 Inventory turnover 4.1 .4 Curreat ratio 4.1.5 Acid test ratio 4.1.6 Debt-equity ratio 4.1.7 Dividend yiekd 4.2 Comenent on the followina ratios: 4.2.1 4.2.2 4.2 .3 INFORMATION Exracts of the finencial statements of Spire Limited for 2022 are given below. Additional information I Imventocies amounted to R301 000 on 31 December 2021. 1 Dividends paid during 2022 amounted to R187 500 . i The authorised share captal consiated of 1000000 ordinary shares of which 750000 were issued. 1 The market price of the share was R3 on 31 December 2022. i Credit terms to debtors are 30 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Planning And Control

Authors: Adolph Matz, Milton F. Usry

10th Edition

0538809256, 978-0538809252

More Books

Students also viewed these Accounting questions

Question

a. Where is the person employed?

Answered: 1 week ago

Question

Summarize the impact of a termination on the employee.

Answered: 1 week ago