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Could you be so kind to help me with this question. 1 3 Colbalt ( PTY ) LTD STATEMENT OF FINANCIAL POSITION AS AT 3
Could you be so kind to help me with this question. Colbalt PTY LTD
STATEMENT OF FINANCIAL POSITION AS AT DECEMBER
ASSETS R
Property, plant and equipment PPE at cost price
Accumulated depreciation
PPE at carrying value
Investment in shares
Noncurrent assets
Inventories
Trade and other receivables
Cash and cash equivalents
Current assets
Total assets
EQUITY AND LIABILITIES
Share capital
Retained earnings
Ordinary shareholders equity
Preference shares
Total equity
Longterm debt
Deferred tax liability
Noncurrent liabilities
Trade and other payables
Dividends payable
Current liabilities
Total liabilities
Total equity and liabilities
COLBALT PTY LTD
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER
R
Revenue
Cost of sales and services rendered
Gross profit
Operating expenses
Operating profit
Investment Income
Finance cost
Profit before tax
Income tax expense
Profit after tax
Preference share dividends
Attributable earnings
Ordinary dividends
Retained earnings for the year
Additional Information:
Total assets for were R
Inventory for were R
Assume a days accounting cycle
Instructions:
Round off to decimals where applicable, eg will be written as
Averages will apply to this question where necessary.
Based on the information provided, you are required to calculate the following ratios:
aNet profit margin
bTotal asset turnover ratio
c Return on ordinary shareholders equity
d Quick ratio
e Return on total assets
f Inventory turnover time in days
g Finance cost coverage
h Current ratio
i Debt: equity ratio
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