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please show the calculations the following The following information was extracted from the financial statements of Thabo CC for the financial year ended 2 8
please show the calculations
the following The following information was extracted from the financial statements of Thabo CC for the financial year ended February :
Statement of profit or loss and other comprehensive income information for the year ended February :
Statement of financial position information as at February:
tabletableRtableRtableCash and cash equivalents...............................Members contribution......Other components of equity.....................................................................,Trade and other payables trade creditorsCurrent portion of loan from member..................,Current tax payable................................................................,
Additional information:
of all purchases for the year ended February were on credit.
REQUIRED
Calculate the following ratios on February for Thabo CC Assume days in a year
Profit margin
Acid test ratio
Trade payables payment settlement period
Inventory turnover rate
Cash ratio
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