QUESTION 4 (20 Marks) REQUIRED Prepare the Cash Flow Statement of Concha Limited for the year ended 31 December 2023. INFORMATION CONCHA LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2023 R Sales 2 484 000 Cost of sales (1212 000) Gross profit 1272000 Selling and administrative expenses (504 000) Operating profit T68 000 Interest expense (48 000) Profit before tax 720 000 Company tax (192 000) Profit after tax 528 000 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: Assets 2023 2022 R R Non-current assets 2244000 1764 000 Land and buildings 1320000 1128 000 Plant and machinery 744000 636 000 Investments 180000 0 Current assets 648 000 540 000 Inventories 288 000 Accounts receivable 306 000 Cash and cash equivalents Total assets 54000 2892 000 2304 000 Equity and liabilities 2023 2022 R R Equity 1872000 1 560 000 Ordinary share capital (300 000 shares) 1200 000 1 200 000 Retained earnings Non-current liabilities 480 000 240000 Long-term loan Current liabilities 540000 504 000 Accounts payable 336 000 Company tax payable 48 000 Dividends payable 120 000 Total equity and liabilities 2892000 2304 000 Additional information m Seling and administrative expenses included the following: R Depreciation on buildings 72 000 Depreciation on plant and machinery 120 000 n There were no disposals of property, plant and equipment during 2023. m Total dividends for the year ended 31 December 2023 amounted to R216 000. = Ninety percent (90%) of all purchases and sales of inventories are on credit. QUESTION 5 (20 Marks) REQUIRED Use the information provided in Question 4 to answer the following: 51 Calculate the following ratios (expressed to two decimal places) for 2023 only. Note: Use the formulas provided in the formula sheet only (that appear after QUESTION 5). 511 Profit margin (2 marks) 512 Inventory turnover (2 marks) 513 Debtor collection period (2 marks) 514 Creditor payment period (2 marks) 515 Return on assets (2 marks) 516 Acid-est ratio (2 marks) 5.1.7 Eamings per share (2 marks) 52 Comment briefly but meaningfully on the following ratios: 2023 5.2.1 | Return on equity 2821% (2 marks) 5.2.2 | Current ratio 1.20:1 (2 marks) 5.2.3 | Debt to assels 3527% 32.29% (2 marks) END OF PAPER