Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question-4 REQUIRED Use the information provided in Question 4 to answer the following questions. 5.1 Calculate the following ratios for 2022 only. Express the answers
Question-4
REQUIRED Use the information provided in Question 4 to answer the following questions. 5.1 Calculate the following ratios for 2022 only. Express the answers to two decimal places. 5.1.1 Profit margin 5.1.2 Inventory turnover 5.1.3 Dividends per share 5.1.4 Earnings per share 5.1.5 Creditors payment period 5.1.6 Current ratio 5.1.7 Debt to equity (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) 5.2 Comment briefly but meaninqfully on the following ratios: (6 marks) INFORMATION The following information was extracted from the records of Zenith Limited. Additional information 320000 shares were in issue at the end of 2021. 60000 new shares were issued on the first day of the 2022 financial year. Interim and final dividends for the year ended 31 December 2022 amounted to R266 000 . Vehicles were sold at carrying (book) value during the year for R288 000. Equipment was purchased at the end of the financial year. All purchases of trading inventory are on credit. Trade and other payables comprise accounts payable only
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