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The following information from Incomplete Ltd's as at December 2019 standardised statement of financial position and statement of comprehensive income are provided to you:
The following information from Incomplete Ltd's as at December 2019 standardised statement of financial position and statement of comprehensive income are provided to you: STATEMENT OF FINANCIAL POSITION Assets 2019 Property, plant and equipment (PPE) at cost price 320 000 Accumulated depreciation (239 000) PPE at carrying value 81 000 Goodwill Investment in shares Non-current assets 60 000 208 000 349 000 2 43 000 Inventories 32 000 Trade receivables 24 000 Cash and cash equivalents 99 000 Current assets 448 000 Total assets Equity and liabilities. 200 000 Share capital 73 200 Retained earnings Ordinary shareholders' equity 273 200 Total equity 273 200 Long-term debentures- 30 000 Long-term loan 54 000 Non-current liabilities 84 000 Trade payables Other payables 70 000 16 800 Tax payable Current liabilities Total equity and liabilities. 4 000 90 800 448 000 STATEMENT OF COMPREHENSIVE INCOME Turnover Cost of sales and services rendered Gross profit Operating expenses Operating income Operating profit Investment income Finance cost Profit before tax Profit after tax Non-controlling interest Preference share dividends Attributable earnings Ordinary dividends Retained earnings (for the year) Additional information: . Purchases on credit for the year amount to R80 000. Lease payments of R10 000 were made during the year. 2019 274 000 (207 500) 66 500 (26 500) 1 500 41 500 4 000 (6 000) 39 500 (16 700) 22 800 (1 000) (2 400) 19 400 (3 600) 15 800 . The company has 10 000 ordinary shares in issue. The market price per share amounts to R10. Required: Evaluate the company's financial performance and position by means of a detailed ratio analysis.
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