Tools OSA lu120_BBA FR. X 9 / 11 133% - This file claims compliance with the PDF/A standard and has been opened read only to prevent modification. Enable Editing Question 5 (20 Marks) The following information relates to Eston Limited: Statements of Comprehensive Income as at:mber: 31 Dece 2021 2020 Sales 35 000 000 30 000 000 Cost of sales (23 000 000) (20 000 000) Gross profit 12 000 000 110 000 000 (5 100 000) (4 000 000) Operating expenses: 0 E Type here to search E OSA 20 BBA FRAS Main_20210423104037.pdf Adobe Acrobat Reader DC (32-bit File Edit View Sign Window Help Home Tools OSA Jul20_BBA FRX 9 / 11 133% 0 This file claims compliance with the PDF/A standard and has been opened read-only to prevent modification Enable Editing Operating expenses: (5 100 000) (4 000 000) Distribution costs 2 000 000 1 500 000 Administrative expenses 3 100 000 2500 000 Operating profit 6 900 000 6 000 000 Finance costs (400 000) (500 000) 2 D O Type here to search BE ame Tools OSA Jul20_BBA FR... X 10 / 11 133% Enable Edit This file daims compliance with the PDF/A standard and has been opened read-only to prevent modification, Profit before tax 6 500 000 5 500 000 Income tax (1 500 000) (1 500 000) 5 000 000 4 000 000 Profit after tax Statements of Financial Position as at 31 December: Assets 2021 2020 20 000 000 Non-current assets 18 000 000 20 000 000 18 000 000 Property, plant and equipment BI O Type here to search OSA BRA TRAS Main 20210423104037 pdf - Adobe Acrobat Reader DC (32-bit) Fat View Sign Window Help Home Tools OSA Jul20 BBA FR... X 10 / 11 133% Enable Editing This file claims compliance with the PDF/A standard and has been opened read-only to prevent modification. Non-current assets 20 000 000 18 000 000 @ 18 000 000 Property, plant and equipment 20 000 000 12 000 000 12 000 000 Current assets: Inventories 6 000 000 6 000 000 5 000 000 Accounts receivable 4 000 000 Cash and cash equivalents 1 000 000 2 000 000 32 000 000 30 000 000 Total assets Owners' equity and liabilities 20 000 000 18 000 000 Owners' equity 0 I O Type here to search A Jat20_BBA FRAS_Main 20210423104037.pdf - Adobe Acrobat Reader DC (32-bit) Edit View Sign Window Help eme Tools OSA Jul20_BBA_FR... X 10 / 11 133% This file claims compliance with the PDF/A standard and has been opened read-only to prevent modification. Enable Editor Owners' equity and liabilities Owners' equity 20 000 000 18 000 000 Ordinary share capital 10 000 000 10 000 000 Retained earnings 10 000 000 8 000 000 Non-current liabilities 4 000 000 6 000 000 0 Type here to search li pols OSA Jul20 BBA FR... X 11 / 11 mg o 133% Enable Ed e claims compliance with the PDF/A standard and has been opened read-only to prevent modification. 8 000 000 6 000 000 Current liabilities 8 000 000 6 000 000 Accounts payable 32 000 000 30 000 000 Total owners' equity and liabilities Statements of changes in equity as at: 31 December: 2021 2020 18 000 000 16 500 000 Balance at end of previous year 5 000 000 4 000 000 Profit for the year (3 000 000) (2 500 000) Ordinary share dividends D e O Type here to search ANCO BEATRAS M20210023104037 pdf Adobe Acrobat Reader DC (32-bit) Ed View in Window Help ome Tools OSA Jul20 BBA FR... * 11 / 11 133% Enable Editing This file claims compliance with the PDF/A standard and has been opened read-only to prevent modification The market price of the shares was R5.60 on 31 December 2020 and R7.50 on 31 December 2021. Required: Calculate the following ratios for Eston Limited for 2021 and 2020 and comment on your answers: 5.1 Gross margin (4) 5.2 Debtors collection period (4) 5.3 Return on equity (4) 5.4 Dividend per share (4) 5.5 Debt to equity (4) END OF THE PAPER BE E 3 30 04 Type here to search