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Help fill the space Extract from Income Statement for the year ended 30 June 2020: R Sales 5220 000 Cost of sales 3 500 000
Help fill the space
Extract from Income Statement for the year ended 30 June 2020: R Sales 5220 000 Cost of sales 3 500 000 Operating profit 1 295 000 Income tax 190 500 Net profit after tax 444 500 Extract from Balance Sheet on 30 June 2020 2019 R R 17 420 950 14 683 300 Fixed assets (carrying value) Fixed deposit: Ken Bank 250 000 380 000 Current assets 1015000 456 000 564 000 281 500 Inventories (only trading stock) Trade and other receivables (debtors) Cash and cash equivalents 246 000 167 000 205 000 7 500 Shareholders' equity 10 050 750 9540 000 Ordinary share capital 10 000 000 9 180 000 Retained income 50 750 360 000 Loan: Barbie Bank 8 000 000 4 500 000 Current liabilities 635 200 1 479 300 Trade and other payables 420 000 683 400 Shareholders for dividends 209 000 162 000 SARS. Income tax 6 200 23 400 610 500 Bank overdraft Use the above information and calculate the following financial indicators were on 30 June: (Rounded off to 1 decimal) 2020 2019 Current ratio (A) (B) Acid-test ratio (c) (D) (E) 10 times Inventory turnover rate (times) Debtors' collection period (days) Creditors payment period (days) (F) 43 days (G) 63 daysStep by Step Solution
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