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Use the given information to do the following calculations: 2.1 Current ratio 2.2 Debtors' collection period 2.3Stock turnover 2.4Net margin 2.5 Solvency ratio (Round off
Use the given information to do the following calculations: 2.1 Current ratio 2.2 Debtors' collection period 2.3Stock turnover 2.4Net margin 2.5 Solvency ratio (Round off all your calculations to two after the comma). List of balances on 31 December 2020: R Stock (1/1/2020) 99 200 Stock (31/12/2020) 92 900 Creditors 34 500 Loan: ABSA 65 000 Debtors 37 700 Equipment 53 800 Sales (60% on credit)230 000 Net profit 31 200 Expenses prepaid 460 Accumulated depreciation: Vehicles 1900 Investment: FNB 25 000 Income received in advance 2 400 Land and buildings200 000 Purchases (100% on credit)150 000 Bank (dr) 5380 Vehicles 68 900 Accumulated depreciation: Equipment 2 800 Provision for doubtful debts 1700 Expenses accrued 2 200
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