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Thisnthat Enterprises Ltd reports the following information: From this information, calculate and interpret the following ratios (year-end figures will have to be used because the
Thisnthat Enterprises Ltd reports the following information:
From this information, calculate and interpret the following ratios (year-end figures will have to be used because the comparative year figures are not available) and prepare a report on the financial position and performance of Thisnthat Enterprises Ltd:
- liquidity ratio
- return on equity
- return on assets
- debt ratio
$'000 1920 65 Total assets Profit after tax Current liabilities Non-current liabilities 570 830 $'000 Interest revenue Interest expense Tax expense Current assets = 50% of total assets 110 160 45 =
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