REQUIRED: Calculate the following ratios for the year ended 30 November 2016 and comment on the business's profitability and liquidity. Refer in particular to the past figures shown above. Note that one point will be allocated for every formula quoted. 1.1 Return on average owner's equity 1.2 Current ratio 1.3 Average trade debtor's collection period 999 (10) (10) (10) REQUIRED: Calculate the following ratios for the year ended 30 November 2016 and comment on the business's profitability and liquidity. Refer in particular to the past figures shown above. Note that one point will be allocated for every formula quoted. 1.1 Return on average owner's equity 1.2 Current ratio 1.3 Average trade debtor's collection period 999 (10) (10) (10) REQUIRED: Calculate the following ratios for the year ended 30 November 2016 and comment on the business's profitability and liquidity. Refer in particular to the past figures shown above. Note that one point will be allocated for every formula quoted. 1.1 Return on average owner's equity 1.2 Current ratio 1.3 Average trade debtor's collection period 999 (10) (10) (10) REQUIRED: Calculate the following ratios for the year ended 30 November 2016 and comment on the business's profitability and liquidity. Refer in particular to the past figures shown above. Note that one point will be allocated for every formula quoted. 1.1 Return on average owner's equity 1.2 Current ratio 1.3 Average trade debtor's collection period 999 (10) (10) (10) REQUIRED: Calculate the following ratios for the year ended 30 November 2016 and comment on the business's profitability and liquidity. Refer in particular to the past figures shown above. Note that one point will be allocated for every formula quoted. 1.1 Return on average owner's equity 1.2 Current ratio 1.3 Average trade debtor's collection period 999 (10) (10) (10) REQUIRED: Calculate the following ratios for the year ended 30 November 2016 and comment on the business's profitability and liquidity. Refer in particular to the past figures shown above. Note that one point will be allocated for every formula quoted. 1.1 Return on average owner's equity 1.2 Current ratio 1.3 Average trade debtor's collection period 999 (10) (10) (10) REQUIRED: Calculate the following ratios for the year ended 30 November 2016 and comment on the business's profitability and liquidity. Refer in particular to the past figures shown above. Note that one point will be allocated for every formula quoted. 1.1 Return on average owner's equity 1.2 Current ratio 1.3 Average trade debtor's collection period 999 (10) (10) (10) REQUIRED: Calculate the following ratios for the year ended 30 November 2016 and comment on the business's profitability and liquidity. Refer in particular to the past figures shown above. Note that one point will be allocated for every formula quoted. 1.1 Return on average owner's equity 1.2 Current ratio 1.3 Average trade debtor's collection period 999 (10) (10) (10) The following financial information relates to Tasty Desserts Bakery at the end of their financial year: Extract from the general ledger: Trading Account Date Details Amount Date 2016 30 Cost of sales 472 645.35 Details Sales Amount 875 269.16 Nov. Profit and loss 402 623.81 875 269.16 875 269.16 Profit and Loss Account Amount Date Details Amount 27 570.98 2016 30 Trading account 402 623.81 15 317.21 Nov. Services rendered 13 129.04 Date 2016 30 Nov. Details Rent expense Rates and services Telephone expense Interest expense Wages and salaries Internet expense 16 227.49 6 126,88 38 511.84 4 376.35 Interest income 10 765.81 Bank charges 3 676.13 Settlement discount granted 6 827.10 Office consumables 10 590.76 Insurance expense Capital (Net profit) 8 315.06 288 978.86 426 518.66 426 518.66 Additional information: 1. 2. No capital contributions were made during the year. Assume a 365-day year. 64% of all sales are on credit. 3. Purchases constitute 60% of cost of sales. 4. 48% of all purchases are on credit. 5. Net trade debtors balance on 1 December 2015 was R 25 120.22. 6. Nettrade creditors balance on 1 December 2015 was R 19 527.25. 7. Trade inventory on hand as at 1 December 2015 was R 49 102.60. Statement of Financial Position of Tasty Desserts bakery on 30 November 2016