Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

  1. 50% of the merchandise purchased was bought on credit
  2. Inventory as at 30 September 2019 amounted to P75,000

Required :

  1. Calculate the following ratios:
  1. Current ratio
  2. Quick ratio
  3. ROCE
  4. Debtors days (Assume 360 days per year)
  5. Stock turnover (10 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Energy And Finance Sustainability In The Energy Industry

Authors: André Dorsman, Özgür Arslan-Ayaydin, Mehmet Baha Karan

1st Edition

3319322664, 978-3319322667

More Books

Students also viewed these Finance questions

Question

What is the best conclusion for Xbar Chart? UCL A X B C B A LCL

Answered: 1 week ago