Extract from the Appropriation account for the year ended 28 February 2013: Net profit for the year 1480 000 Total amount earned by Megan, R320 000 Total amount cared by Shenai, R160 000 G Extract from the Balance Sheet as at: Fixed assets (carrying value) invesimenis (6% p.u.] Current assets Total Assets Owners' Equity Capital: Megan Capital: Shenal Current a/c Megan Current a/c Shenal Non current liabilities (12% p.a.) Current liabilities Total Equity and Liabilities Financial indicators calculated on: Gross profil on cost of sales Operating expenses on sales Operating profit on sales Net profit on sales Current ratio Acid-test ratio Stock turnover rate Debtors collection period Creditors payment period Debt/Equity ratio Total assets to total liabilities Return on capital employed % return on average owners' equity % retum earned by Megan % retum earned by Shenal . 28 February 2013 . . 1160 000 400 000 380 000 1940 000 1440 000 840 000 630 000 80 000[dr] 50 000 Jal 300 000 200 000 19