Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hi please help REQUIRED Study the information provided below and prepare the Cash Flow Statement for the year ended 31 December 2022 INFORMATION The following

hi please help
image text in transcribed
image text in transcribed
image text in transcribed
REQUIRED Study the information provided below and prepare the Cash Flow Statement for the year ended 31 December 2022 INFORMATION The following information was extracted from the records of Zenith Limited: Additional information 320000 shares were in issue at the end of 2021. 60000 new shares were issued on the first day of the 2022 financial year. Interim and final dividends for the year ended 31 December 2022 amounted to R266 000 . Vehicles were sold at carrying (book) value during the year for R288 000. Equipment was purchased at the end of the financial year. All purchases of trading inventory are on credit. Trade and other payables comprise accounts payable only. REQUIRED Use the information provided in Question 4 to answer the following questions. 5.1 Calculate the following ratios for 2022 only. Express the answers to two decimal places. 5.1.1 Profit margin 5.1.2 Inventory turnover 5.1.3 Dividends per share 5.1.4 Earnings per share 5.1.5 Creditors payment period 5.1.6 Current ratio (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) 5.1.7 Debt to equity (2 marks) (2 marks) 5.2 Comment briefiv but meaninafullv on the followina ratios

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

Cost Accounting Concepts And Applications For Managerial Decision Making

Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg

2nd Edition

0070103100, 978-0070103108

More Books

Students also viewed these Accounting questions

Question

Describe the planned-change model

Answered: 1 week ago