Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

calculate Return on shareholders equity The following financial statements of Thermitrex (Pty) Ltd in Dunswart Industrial Area Johannesburg are provided to you: QUITY AND LIABIUTIES

calculate Return on shareholders equity
image text in transcribed
image text in transcribed
image text in transcribed
The following financial statements of Thermitrex (Pty) Ltd in Dunswart Industrial Area Johannesburg are provided to you: QUITY AND LIABIUTIES STATEMENT OF COMPREHENSIVE INCOME \begin{tabular}{l|r|} \multicolumn{2}{c}{ FOR THE YEAR ENDED 31 DECEMBER 2021} \\ \hline & \\ \hline Revenue & 2450.000 \\ \hline Cost of sales and services rendered & (1450000) \\ \hline Gross profit & 1000000 \\ \hline Operating expenses & (250000) \\ \hline Operating profit & 750000 \\ \hline Investment income & 80000 \\ \hline Finance cost & (65000) \\ \hline Profit before tax & 765000 \\ \hline Income tax expense & (306000) \\ \hline Profit after tax & 459000 \\ \hline Preference share dividends & (15750) \\ \hline Attributable earnings & 443250 \\ \hline Ordinary dividends & (150000) \\ \hline Retained earnings (for the year) & 293250 \\ \hline \end{tabular}

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_2

Step: 3

blur-text-image_3

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

Airline Management Finance

Authors: Victor Hughes

1st Edition

1138610690, 978-1138610699

More Books

Students also viewed these Finance questions

Question

11. Are your speaking notes helpful and effective?

Answered: 1 week ago

Question

The Goals of Informative Speaking Topics for Informative

Answered: 1 week ago