Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2 ( 2 0 Marks ) RATIO ANALYSIS The following information was extracted from the records of FLAMBOYANT WHOLESALERS for the year ended 2
Question
Marks
RATIO ANALYSIS
The following information was extracted from the records of FLAMBOYANT WHOLESALERS for the year ended February
Information :
Extract
tabletableFlamboyant WholesalersStatement of comprehensive Income for the year ended February Sales all credit Less : Cost of sales,Gross Profit,Add : Operating Income,Gross Income,Less : Operating Expenses,Operating Profit,Less : Interest Expenses,Net Profit for the year,
Extract
NB: Inventory on March was R
Required :
Calculate the following ratios.
NB : Where applicable, round off your answers to two decimal places.
Gross margin
marks
Inventory turnoverUse average Inventory
marks
Debtors collection period
marks
Return on assets
marks
Total Debt to equity
marks
Current ratio
marks
Return on own capital
marks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started