Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 5 (20 MARKS) REQUIRED Use the information provided in QUESTION 4 to answer the following questions: 5.1 Calculate the following ratios (expressed to two

QUESTION 5 (20 MARKS) REQUIRED Use the information provided in QUESTION 4 to answer the following questions: 5.1 Calculate the following ratios (expressed to two decimal places) for 2022 only. Note: Use formulas provided in the formula sheet only (that appear after QUESTION 5). 5.1.1 Gross margin (2 marks) 5.1.2 Dividend per share (2 marks) 5.1.3 Return on assets (2 marks) 5.1.4 Current ratio (2 marks) 5.1.5 Acid test ratio (2 marks) 5.1.6 Debt to equity (2 marks) 5.1.7 Creditor payment period (2 marks) 5.2 Comment on the following ratios: 2022 2021 5.2.1 Inventory turnover 3.10 times 6.35 times (2 marks) 5.2.2 Debtors collection period 56.41 days 29.45 days (2 marks) 5.2.3 Return on equity 13.11% 18.80% (2 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Financial Management

Authors: Cheol Eun, Bruce Resnick

4th Edition

0072996862, 9780072996869

More Books

Students also viewed these Finance questions