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Use the following data to calculate the requested ratios for Rustenburg Transport Services. Briefly analyse each answer R 000 320 950 Assets Cash Accounts receivable
Use the following data to calculate the requested ratios for Rustenburg Transport Services. Briefly analyse each answer R 000 320 950 Assets Cash Accounts receivable Inventory Current assets Fixed assets 680 1 950 1 340 Liabilities and equity R'000 Accounts payable 590 Accrued expenses 210 Notes payable-bank 490 Current maturing long-term debt 90 Current liabilities 1 380 Long-term debt 690 Equity 1 220 Total liabilities and equity 3 290 Total assets 3290 "Prior period inventory was 190 R'000 9 880 6010 Income statement Net sales Cost of goods sold Operating expenses Interest expense Other income Other expenses Taxes Net income 2 750 110 5 46 118 841 1) Current ratio 2) Days accounts receivable 3) Inventory turnover 4) Days accounts payable outstanding 5) DebuEquity 6) Times interest earned (TURN OVER] RSK4804 JUNE JULY 2021 7) ROE 8) Total asset turnover (asset utilisation) 9) Gross profit margin 10) Gearing
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