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please help me k (20 Marks) QUESTION 5 Extracts of the financial statements of Siyakha Limited for 2019 are given below. REQUIRED 5.1 Calculate the
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k (20 Marks) QUESTION 5 Extracts of the financial statements of Siyakha Limited for 2019 are given below. REQUIRED 5.1 Calculate the following for 2019. Express your answers to two decimal places. 5.1.1 Gross margin 5.1.2 Profit margin 5.1.3 Return on assets 5.1.4 Current ratio 5.1.5 Acid test ratio (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) 5.1.6 Debt to equity 5.1.7 Interest coverage 5.2 Comment on the following ratios: 2019 2018 14.5 times 10.5 times 5.2.1 Inventory turnover 5.22 Debtors collection period 5.2.3 Return on equity 40.67 days 11.67% 27.45 days 18.89% (2 marks) (2 marks) (2 marks) INFORMATION Siyakha Limited Extract of Statement of Comprehensive Income for the year ended 31 December 2019 R Sales Cost of sales Operating profit Interest expense Profit before tax Profit after tax 5940 000 3 960 000 726 000 66 000 660 000 462 000 Extract of Statement of Financial Position as at 31 December 2019 R 4059 000 1 386 000 3 960 000 990 000 Non-current assets Current assets (including R264 000 inventories) Equity Non-current liabilities Current liabilities TOTAL: 100 END OF PAPER 495 000Step by Step Solution
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