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Mufasa (Pty) Ltd is a company in the beverage industry. It produces its own brand of nonalcoholic as well as alcoholic beverages. The company was
Mufasa (Pty) Ltd is a company in the beverage industry. It produces its own brand of nonalcoholic as well as alcoholic beverages. The company was started by two friends who are still the majority shareholders of the company. As part of the finance team of Mufasa, you were given the following information from the finance director: Financial statements for the year ended 2015 of Mufasa (Pty) Ltd: 2015 R000 Revenue 2 500 Cost of sales 1 625 Gross profit 875 Operating expenses 385 Interest 40 Tax expense 135 Net profit 315 Dividends declared 175 Non-current assets (net value) 650 Current assets Inventory 265 Receivables 250 Cash and bank 50 1 215 Current liabilities Trade payables 200 Other payables 310 Financing
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