COLATONIC LTD

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED $31$ DECEMBER:

$20232022$

R R

Sales $2000000024000000$

Cost of sales $(12000000)(13000000)$

Gross profit $800000011000000$

Selling, general and administrative expenses $(5000000)(6600000)$

Operating profit $30000004400000$

Interest on investment $??$

$32400004592000$

Interest expense $??$

Profit before tax $29400004352000$

Company tax $(823200)(1218560)$

Profit after tax $21168003133440$

STATEMENT OF FINANCIAL POSITION AS AT $31$ DECEMBER:

$20232022$

R R

Assets

Non$-$current assets $34800002700000$

Investment $($maturity date $30$ June $2025)20000001600000$

Inventories $22000001800000$

Accounts receivable $14000001100000$

Cash $2000016000$

$91000007216000$

Equity and liabilities

Equity $53700004156000$

Long$-$term loan $20000001600000$

Accounts payable $1000000800000$

Bank overdraft $5000040000$

Dividends payable $600000500000$

Company tax payable $80000120000$

$9100000721600$ Was any provision made by the company to fund its future growth? Motivate your answer

by using an appropriate ratio.