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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
Noncurrent assets
Property, plant and equipment
Accumulated depreciation
Other noncurrent assets
Current assets
Inventories
Accounts receivable
Cash and cash equivalents
Total assets
EQUITY AND LIABILITIES
Equity
Ordinary share capital
Retained income
Noncurrent liabilities
Mortgage bond
Current liabilities
Accounts payable
Other current liabilities
Total equity and liabilities ADDITIONAL INFORMATION:
Operations for the following year were projected using the following working assumptions to plan the financial results:
Sales were forecast at R
Capital expenditures were scheduled at R for a delivery van and R for warehouse improvements.
Depreciation is expected to be R for the year.
Inventories, Accounts receivable and Accounts payable are estimated to be and of sales respectively.
Cash balances are desired to be no less than R
Net profit after tax is expected at a level of of sales.
Dividends for the year were estimated at R
A mortgage loan repayment of R is expected to be made.
Other current liabilities will be allowed to fluctuate with seasonal needs Calculate the following ratios for the year ending :
Current ratio
Debt to equity ratio
Inventory turnover ratio
Return on equity
Acid test ratio
Capital gearing ratio
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