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QUESTION 2 FINANCE INFORMATION Puff Adder Distributors Income Statements for the year ended 31 December 2019 and 2018 2019 2018 Sales (all credit) 2167500 1719040 Cost of sales (all credit) (1351539) (1181761) Gross profit 815961 537279 Operating expenses: (206031) (167969) Selling, general and administrative (120649) (107467) Other expenses (85382) (60502) Operating profit 609930 369310 Other income: 11458 9637 Interest income 11458 9637 Profit before interest 621388 378947 Interest expense (61372) (72515) Profit before tax 560016 306432 Tax (244422) (182707) Net profit after tax 315594 123725 MASTEATER SUPPLY ON MANAGEMENT 2015 201 Be the theranda 2 160 31 A 2 51411 50 Tatamises Owner'euty and at D'equity Non-curres Durat 141663 BRE 63250 Able Otherabilities 2.1 te womuto pode store to calculate the following ratios and interpret them over the two-year 18.30 to consideration the additional information provided on each ratio Show your working and where all round off answers to two decimal places (4) 2.1.1 Profit (4) 2.1.2 Acid retrato 14) 2.1.1 story tumor inventory for 2017 69 70 2.1. Debitors collection period Current credit terms to debtors are 30 days! 14) 2.1.5 Return Geset Current rate on fire deposits at banks-7.25%, Current rate at banks for business loans- 115. The current inflation rate 5.6% (4) 2. Use the following information to calculate the economic order quantity: 151 Rich Distance Dutributors purchases 750 snake repellers at R340 each per annum. The snake repellers are sold at 5480 exchat a steady rate during the year. The cost of placing a single order amounts to R20. Inventory holding cost amounts to R2.50 per unit 2.3 Use the following information to calculate the cost of not accepting a discount: 15) Reptile Wholesaler's formal credit terms to Rich Distance Distributors are 30 days but is prepared to allow a 4.5% rebate if Puff Adder Distributors pays the account within 15 days. Calculate the cost to Puff Adder Distributors of tot accepting the discount PROGRAMME HANDBOOK: JANUARY 2020 INTAKE 38 QUESTION 2 FINANCE INFORMATION Puff Adder Distributors Income Statements for the year ended 31 December 2019 and 2018 2019 2018 Sales (all credit) 2167500 1719040 Cost of sales (all credit) (1351539) (1181761) Gross profit 815961 537279 Operating expenses: (206031) (167969) Selling, general and administrative (120649) (107467) Other expenses (85382) (60502) Operating profit 609930 369310 Other income: 11458 9637 Interest income 11458 9637 Profit before interest 621388 378947 Interest expense (61372) (72515) Profit before tax 560016 306432 Tax (244422) (182707) Net profit after tax 315594 123725 MASTEATER SUPPLY ON MANAGEMENT 2015 201 Be the theranda 2 160 31 A 2 51411 50 Tatamises Owner'euty and at D'equity Non-curres Durat 141663 BRE 63250 Able Otherabilities 2.1 te womuto pode store to calculate the following ratios and interpret them over the two-year 18.30 to consideration the additional information provided on each ratio Show your working and where all round off answers to two decimal places (4) 2.1.1 Profit (4) 2.1.2 Acid retrato 14) 2.1.1 story tumor inventory for 2017 69 70 2.1. Debitors collection period Current credit terms to debtors are 30 days! 14) 2.1.5 Return Geset Current rate on fire deposits at banks-7.25%, Current rate at banks for business loans- 115. The current inflation rate 5.6% (4) 2. Use the following information to calculate the economic order quantity: 151 Rich Distance Dutributors purchases 750 snake repellers at R340 each per annum. The snake repellers are sold at 5480 exchat a steady rate during the year. The cost of placing a single order amounts to R20. Inventory holding cost amounts to R2.50 per unit 2.3 Use the following information to calculate the cost of not accepting a discount: 15) Reptile Wholesaler's formal credit terms to Rich Distance Distributors are 30 days but is prepared to allow a 4.5% rebate if Puff Adder Distributors pays the account within 15 days. Calculate the cost to Puff Adder Distributors of tot accepting the discount PROGRAMME HANDBOOK: JANUARY 2020 INTAKE 38