Question
For the year ending 30 September 2019 the summarized financial data for Sechaba Holdings Pty Ltd were as follows: Statement of Comprehensive and Other Income
For the year ending 30 September 2019 the summarized financial data for Sechaba Holdings Pty Ltd were as follows:
Statement of Comprehensive and Other Income for the year ended 30 September 2019
| (Pula) |
Sales | 1,000,000 |
Cost of sales | (600,000) |
Gross profit | 400,000 |
Operating expenses | (200,000) |
Operating profit | 200,000 |
Interest expenses | (30,000) |
Profit before tax | 170,000 |
Tax (30%) | 51,000 |
|
|
Statement of financial position as at 30 September 2019
| (Pula) |
Non current assets | 700,000 |
Inventory | 200,000 |
Debtors | 150,000 |
Owners equity | 500,000 |
Long term loan | 430,000 |
Creditors | 90,000 |
Bank overdraft | 30,000 |
Additional information
- 50% of the merchandise purchased was bought on credit
- Inventory as at 30 September 2019 amounted to P75,000
Required :
- Calculate the following ratios:
- Current ratio
- Quick ratio
- ROCE
- Debtors days (Assume 360 days per year)
- Stock turnover (10 marks)
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