Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can you please help me with this homework? QUESTION 2 5 points Save AS The directors of Candy Krusch Limited asked you to provide some
can you please help me with this homework?
QUESTION 2 5 points Save AS The directors of Candy Krusch Limited asked you to provide some Insight into the overall performance and solvency of the company by calculating certain ratios REQUIRED Calculate the ratios below for the year ended 28 February 2021 and type your answer in for i and it NOTE: Round off all ratios to 2 decimal places, e.g. 83.58 and nor 84. If the answer is a whole number, then you can olther type the number as is, or the number with 2 zros after the decimal. Both will be marked correct, e.g. type 54 or 54.00 If your answer is a percentage, remember to express your answer as a % 0.g. 36.45% and nor 36.46 Express dividends per share, market price/valuo per share and earnings por share in cents per share and nor Rands per share), e.g, Dividends per share is 43.56 cents per share and nor R0.44 You do not have to show your workings - Just type the correct answer INFORMATION Candy Krusch Statement of profit or loss and other comprehensive income for the year ended 28 February 2021 2020 R 1 600 000 Revenue (Sales) Cost of sales Inventory (opening) Purchases Inventory (closing) Gross profit Other income Other expenditure 2 (920 000) 45 000 910 000 (35000) 680 000 120 000 (400 000) (60 000) 340 000 (90 000) 250 000 Finance costs Profit before tax Income tax Profit for the year Candy Krusch Statement of financial position as at 28 February 2021 2020 R ASSETS Non-current assets Property, plant and equipment 900 000 900 000 260 000 Current assets Inventory Trade receivables Cash and cash equivalents Total assets 180 000 45 000 35 000 1 160 000 EQUITY AND LIABILITIES 660 000 Equity Ordinary share capital 3 Retained earnings 500 000 160 000 Non-current liabilities Long term loan (10% per year) 300 000 200 000 150 000 Current liabilities Trade and other payables Taxation payable Total equity and liabilities 50 000 1 160 000 ADDITIONAL INFORMATION 1. Sales include cash sales of 40% and credit sales of 60% 2. Depreciation of R 60 000 is included in other expenses. 3. There were 500 000 ordinary shares in issue, which had a market price/value of R15,00 per share at 28 February 2021. A total dividend of R200 000 was declared and paid on 31 January 2021 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started