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?QUESTION ONE [ 2 5 ] Nilma Limited presented the following annual financial statements for 2 0 2 3 : Statement of comprehensive income for
?QUESTION ONE Nilma Limited presented the following annual financial statements for : Statement of comprehensive income for the year ended ?December ?R Sales all credit Cost of sales Gross profit Operating expenses Operating profit Interest expense Profit before tax Tax Profit after tax Statement of changes in equity for the year ended ?December ?R Dividends for the year Statement of financial position for as at ?December ?R Assets Noncurrent assets Inventories Accounts receivable Cash Equity and liabilities Ordinary share capital Retained earnings Longterm loan Accounts payable Other current liabilities Required: ?Use the information provided to calculate the following ratios for Where applicable, round off answers to two decimal places: ?Operating margin ?Debtor collection period ?Return on assets ?Return on equity ?Earnings retention ratio ?Acid test ratio
?QUESTION ONE
Nilma Limited presented the following annual financial statements for :
Statement of comprehensive income for the year ended ?December
?R
Sales all credit
Cost of sales
Gross profit
Operating expenses
Operating profit
Interest expense
Profit before tax
Tax
Profit after tax
Statement of changes in equity for the year ended ?December
?R
Dividends for the year
Statement of financial position for as at ?December ?R
Assets
Noncurrent assets
Inventories
Accounts receivable
Cash
Equity and liabilities
Ordinary share capital
Retained earnings
Longterm loan
Accounts payable
Other current liabilities
Required:
?Use the information provided to calculate the following ratios for Where
applicable, round off answers to two decimal places:
?Operating margin
?Debtor collection period
?Return on assets
?Return on equity
?Earnings retention ratio
?Acid test ratio
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