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The following data applies to a company at their year-end. (figures are in millions in Rand) Cash R 80 Cost of Sales R 400 Fixed

The following data applies to a company at their year-end.

(figures are in millions in Rand)

Cash R 80

Cost of Sales R 400

Fixed Assets R 327

Sales R1 800 (two thirds of which are on credit)

NPAT R 400

Quick / Acid Ratio 2:1

Current Ratio 3:1

Debtors Collection 60 days (2 months)

R O E 20%

You must establish

  1. Gross profit margin
  2. Amount of equity
  3. Value of debtors at year end
  4. Current liabilities at year end
  5. Return on sales
  6. Current assets at year-end

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