Question 3 Statement of Financial Performance of Gama (Pty) Ltd for the year ended 30 September 2019 NS 200 000.00 120.000.00 80 000.00 50 000 20 000.00 Sales Cost of Sales Gross Profit Operating Expenses Net Profit before Tax Additional Information 0) Interest paid ) Taxation rate ) Opening Inventory 50% of the sales are sold on credit v) All purchases are on credit vi) Number of ordinary shares in issue NS 2 000 00 25% N$ 16 000 00 3 25 000 shares NS2.510 vii) viii) Market price per share One year has 365 days Statement of Financial Position of Gama (Pty) Ltd as at 30 September 2019 Capital Employed NS Share Capital 100 000.00 Retained Earnings 40 000.00 Long Term Loan 20.000.00 160 000.00 Employment of Capital Fixed Assets 100 000.00 Current Assets 100 000.00 Inventory 24 000.00 Trade Receivables 60 000.00 Bank 16 000.00 Current Liabilities 40 000.00 Trade payables 40 000.00 Net working Capital 60 000.00 160 000.00 Make use of the Financial Statements and additional information provide above to calculate the following ratios: a) Earnings Per Share (EPS) b) Quick ratio c) Interest cover (times interest eamed) d) Inventory turnover e) Return on Equity