Question
Please help me with the below question QUESTION FOUR 1 INFORMATION Extracts of financial statements of Sunrise Limited for 2022 are as follows: 4.1 Herald
Please help me with the below question QUESTION FOUR 1 INFORMATION Extracts of financial statements of Sunrise Limited for 2022 are as follows: 4.1 Herald Limited Statement of Comprehensive Income for the year ended 31 December 2022 R Sales (all credit) 15 400 000 Cost of sales (13 000 000) Gross profit 2 400 000 Operating expenses (1 800 000) Operating profit 600 000 Interest expense (304 000) Profit before tax 296 000 Tax (88 800) Profit after tax 207 200 Statement of Changes in Equity the year ended 31 December 2022 R Dividends declared 88 000 Statement of Financial Position as at 31 December 2022 R Assets Non-current assets 1 444 000 Inventories 3 344 000 Accounts receivable 1 608 000 Cash 208 000 6 604 000 Equity and liabilities Ordinary share capital (460 000 shares) 1 840 000 Retained earnings 904 000 Long-term loan (18%) 1 700 000 Accounts payable 700 000 Other current liabilities 1 460 000 6 604 000 4.1.1 Operating margin (2 marks) 4.1.2 Turnover to net assets (2 marks) 4.1.3 Debtor collection period (2 marks) 4.1.4 Dividend per share (2 marks) 4.1.5 Return on equity (2 marks) 4.1.6 Earnings retention ratio (2 marks) 4.1.7 Current ration (2 marks)
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