Statement of the Financial Performance of Pende Garments (Pty) Ltd for the period 1 March 2015 to 28 February 2017 Sales N$ 100 000 COS 60 000 Gross Profit 40 000 Fixed expenses (ind. interest 30.000 Net Profit before tax 10 000 Tax @ 30% 3000 Net Profit after tax 7 000 Statement of the Financial Position for Penda Garments (Pty) Ltd at 28 February 2017 Uabilities 50 000 ordinary shares @ N$ 2.00 each 100 000 Long term loan 20 000 Current liabilities: creditors 30 000 150 000 Total Assets Fixed assets at book value 60 000 Current assets: 90 000 Inventory/stack 40 000 Debtors 30 000 Cash 20 000 150 000 Additional Information: 1) opening stock = N$ 30 000 2) interest = N$ 2 000 3) all purchases are on credit 4) 50% of sales are on credit 5) Market price of shares = N$ 1.60 per share 6) One year = 360 days 7) Dividends for ordinary shareholders = 3000 Use F 1. Return on Equity (ROE) 2. Quick (Acid-test) ratio 3. Average payment period (APP) 4. Debt/equity ratio 5. Dividends per share (kindly note 3 marks awarded per question, including formulae and calculations