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Hi there pls help me to solve my qns really need help! Thanks! Question: Find the following ratio for last financial year using Exhibit 1
Hi there pls help me to solve my qns really need help! Thanks!
Question: Find the following ratio for last financial year using Exhibit 1 and 2 1.Return on equity 2.Return on total assests 3.Total asset turnover ratio 4.Fixed asset turnover ratio 5.Current asset turnover ratio 6.Interest coverage ratio (times interest earned) 7.Return on fixed assets 8.Acid test ratio (quick ratio)
EXHIBIT 1: INCOME STATEMENT, APRIL 1 To MARCH 31 (IN THOUSANDS) 2012-13 2013-14 2014-15 Sales 200 480 800 Cash Credit 1,800 7.200 8.000 Total sales 2.000 4,800 1,240 2,832 4800 Cost of goods sold Gross profit 760 1968 3200 Operating expenses 1,000 General, administration, and selling expenses 80 450 100 400 Depreciation 660 158 340 nterest expenses (on borrowings 60 Profit before tax PBT 520 960 1,200 Tax 30% 1561 288 360 Profit after tax (PA 364 672 840 Source: Company's audited financial statementStep by Step Solution
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