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please help with this Using the extract of the financial statements below please calculate the liquidity and solvency ratios for the business for 2020 and
please help with this
Using the extract of the financial statements below please calculate the liquidity and solvency ratios for the business for 2020 and 2019. Use the following ratios: quick ratio; current ratio; debt to assets ratio; debt to equity ratio, finance charges cover ratio. Note: Students should only include interest bearing debt (current and non-current) in the calculation. Do not consider lease liabilities as part of the debt. Please set out the ratio and the numbers used in the calculation. Round the presentation of answers to two decimal places. Make it clear if your answer is presented as a percentage or as a ratio. SUMMARISED GROUP STATEMENTS OF COMPREHENSIVE INCOME 52 weeks to 28 Jun 2020 Audited Rm Restated" 52 weeks to 30 Jun 2019 Audited Rm Note Revenue 4 change 1183) 19.5) 19 577 4 18 094 18 749) 9 345 (110) 17982 16 379 (8 065) 8 314 439 (10 027) (1 452) (2 015) (675) (1 621) [4 264) 5 11 608) 12 212 1825) Sale of merchandise Cost of sales Gross profit Other income Trading expenses Depreciation and amortisation Employment costs Occupancy costs Trade receivable costs Other operating costs Trading (loss\/profit Interest received Dividends received Operating (loss\/profit Finance costs (Loss)/profit before tax Tax expense (LossXprofit for the period Attributable to: Equity holders of the company Holders of the non-controlling interest (Lossl/profit for the period (3776) 1 153 (1 274) 1 155 9 (110) (353) (463) (213) (676) 1106.8) 110.4 1 520 1994) 409 (556) (120) 1676) 409 SUMMARISED GROUP STATEMENTS OF FINANCIAL POSITION Restated" Restated" at 30 Jun at 23 Jun 2020 Audited Rm Audited Note 5856 1 788 2651 1725 3.361 02 ASSETS Non-current assets Property, plant and equipment Right-al-use assets Intangible assets Goodwill Loans and receivables Assets held at last value Dernative fnancial assets Deferred tas 7994 2010 13 Current assets Inventeries Trade and other recewables Deruvative financial assets Loans and recentles Preparments Cash and cash equivalents Z. 191 51 25 2 150 12 Total assets EQUITY AND LIABILITIES Total equity 14201 16 639 19 620 6 008 8379 739 11 291) 9076 9854 729 11 0801 (1 815) 6 906 1234) 4638 2 698 2 562 3487 1 130 79 95 39 51 Totalans EQUITY AND LIABILITIES Total equity Share capital and premium Treasury shares Retained earnings Non-distributable reserves Non-current liabilities Lease liabilities Interost-bearing borrowings Provisions Post-retirement medical benefit obligation Leave pay obligation Put option liability Cash-settled compensation liability Dfrrd tar Current liabilities Interest-bearing borrowings Trade and other payables Loano Habilities Provisions Bank overdratt Put option ability Derivative financial liabilities Tax payable Total liabilities Total equity and liabilities 420 16 5 575 2 106 1801 130 1366 263Step by Step Solution
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