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ASSETS Non - current assets 4 5 1 8 0 0 Property, plant and equipment Accumulated depreciation Other non - current assets 8 4 3

ASSETS
Non-current assets 451800
Property, plant and equipment
Accumulated depreciation
Other non-current assets
843000
(434600)
43400
Current assets 2982400
Inventories 1825400
Accounts receivable 722400
Cash and cash equivalents 434600
Total assets 3434200
EQUITY AND LIABILITIES
Equity 992800
Ordinary share capital
Retained income
624000
368800
Non-current liabilities 240000
Mortgage bond 240000
Current liabilities 2201400
Accounts payable
Other current liabilities
612300
1589100
Total equity and liabilities 3434200ADDITIONAL INFORMATION:
Operations for the following year were projected using the following working assumptions to plan the financial results:
Sales were forecast at R20900000.
Capital expenditures were scheduled at R42000 for a delivery van and R72000 for warehouse improvements.
Depreciation is expected to be R62800 for the year.
Inventories, Accounts receivable and Accounts payable are estimated to be 10%,4% and 6% of sales respectively.
Cash balances are desired to be no less than R300000.
Net profit after tax is expected at a level of 0.19% of sales.
Dividends for the year were estimated at R25000.
A mortgage loan repayment of R20000 is expected to be made.
Other current liabilities will be allowed to fluctuate with seasonal needs 2.1 Calculate the following ratios for the year ending 2023:
2.1.1 Current ratio (4)
2.1.2 Debt to equity ratio (3)
2.1.3 Inventory turnover ratio (4)
2.1.4 Return on equity (3)
2.1.5 Acid test ratio (3)
2.1.6 Capital gearing ratio (3)

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