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calculate Quick ratio Inventory turnover finance cost current ratio The following financial statements of Thermitrex (Pty) Ltd in Dunswart Industrial Area Johannesburg are provided to
calculate
Quick ratio
Inventory turnover
finance cost
current ratio
The following financial statements of Thermitrex (Pty) Ltd in Dunswart Industrial Area Johannesburg are provided to you: THERMITREX (PTY) LTD STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 \begin{tabular}{|l|r|} \hline & R \\ \hline Revenue & 2450000 \\ \hline Cost of sales and services rendered & (1450000) \\ \hline Gross profit & 1000000 \\ \hline Operating expenses & (250000) \\ \hline Operating profit & 750000 \\ \hline Investment income & (65000 \\ \hline Finance cost & 765000 \\ \hline Profit before tax & (306000) \\ \hline Income tax expense & 459000 \\ \hline Profit after tax & (15750) \\ \hline Preference share dividends & 443250 \\ \hline Attributable earnings & (150000) \\ \hline Ordinary dividends & 293250 \\ \hline Retained earnings (for the year) & 75000000 \\ \hline \end{tabular} EQUITY AND LIABIUTIES Share capital Retained earnings Ordinary shareholders' equity Preference shares Shareholders' equity Total equity \begin{tabular}{|l|r|} \hline Long-term debt & 400000 \\ \hline Deferred tax liability & 145000 \\ \hline Non-current liabilities & 545000 \\ \hline & \\ \hline Trade and other payables & 380000 \\ \hline Dividends payable & 100000 \\ \hline Current liabilities & 480000 \\ \hline & 3000000 \\ \hline Total equity and liabilities & \\ \hline \end{tabular}Step by Step Solution
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