Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

use the information below to answer the following question: Calculate the following ratios for 2021 only. Express the answers to two decimal places. a. Inventory

use the information below to answer the following question:

Calculate the following ratios for 2021 only. Express the answers to two decimal places.

a. Inventory turnover

b.Creditors payment period

c. Return on equity

d. Debt to assets

e. Price/Earnings ratio

f. Acid test ratio

g. Dividend yield

image text in transcribed

Current assets 1 000 000 900 000 Use the information provided below to prepare the Cash Flow Statement of Rolex Limited for the year ended 31 December 2021 INFORMATION Invertorias 480 000 500 000 The following information was extracted from the records of Rolex Limited for the financial year ended 31 December 2021 Accounts receivable 510 000 320 000 Cash and cash equivalents 90 000 80 000 ROLEX LIMITED Total assets 4 820 000 3840 000 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 EQUITY AND LIABILMES R Equity 3 120 000 2 600 000 Sales 4 140 000 Ordinary share capital 2 000 000 2 000 000 Cost of sales 12 020 000) Ratained earnings 1 120 000 600 000 Gross proft 2 120 000 Noncurrent liabilities 800 000 400 000 Seling and administrative cipenses (840 000) Long term loan 800 000 400 000 Operating proft 1 280 000 Current liabilities 900 000 840 000 Interest expense (80000 Accounts payable 480 000 680 000 Profit before tax 1 200 000 Company tax payable 160 000 80 000 Company tax (320 000 Dividends payable 280 000 200 000 Profit after tas 880 000 Total equity and lates 4 820 000 3 840 STATEMENT OF FINANCIAL POSMONAS AT 31 DECEMBER: ASSETS 2021 (R) 2020R) Non-current assets 3 740 000 2 940 000 Property, plant and equipment 3440 000 2940 000 Investments 300 000 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions