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SECTION Read the following text and use the information provided to answer question 3,4 and 5 AP TECH GROUP Co. Ltd. which deals with
SECTION Read the following text and use the information provided to answer question 3,4 and 5 AP TECH GROUP Co. Ltd. which deals with mechanical maintenance and general supply, for year ending 2020 AP TECH GROUP was having the following business information. During the given year AP TECH GROUP CO. LTD in order to expand its production, AFROTECH secured 7,300,000Tsh loan with 17% accumulated interest rate per year, which must be paid in FIVE years with monthly annuity. where it was managed to repair 30 machines at 90,000 Tsh per each machine and delivered 40 machine systems where each system was sold at 150,000 Tsh During machine repair and machine system delivery up to commissioning the following expenses was incurred Material cost 900,000, Tsh utilities 700,000, Tsh labour charge 1,000,000, Tsh rent 700,000 Tsh Marketing 93,700, Tsh transportation 185,300 Tsh machine depreciation 434,500 Tsh After sales service 53,500. Tsh And during profit planning 65% retained in capital At the end of the year AP TECH GROUP was having Cash 2,100,768 Tsh Equipment 1,027,026 Tsh Account payable was total annuity for 12 months of the year Capital (at the beginning of the month) 571,093 Tsh Account receivable Inventory 1,740,768 Tsh 1,798,568 Tsh Prepaid Insurances 112,000 Tsh Page 2 of 3 QUESTION TWO (10 Marks) From the data above calculate the following Q2.1 Interest. (3MARKS) Q2.2 Future value (3MARKS) Q2.3 Monthly annuity (4MARKS) QUESTION THREE (10 Marks) From the data above Prepare the following Q3.1 AP TECH GROUP Income statement. (3MARKS) Q3.2 AP TECH GROUP Retain Earning Statement (3MARKS) Q3.3 AP TECH GROUP Balance Sheet. (4 MARKS) QUESTION FOUR (10 Marks) From the data above calculate the following Q4.1 Working capital (2 MARKS) Q4.2 Current ratio (2 MARKS) Q4.3 Absolute Liquid Ratio (2 MARKS) Q4.4 Return on Equity Ratio (2 MARKS) Q3.5. rate of return (2 MARKS)
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