X Financial Accounting 3 Assignment 2 (Last saved by user) [Compatibility Mode] - Word (Product Activation Failed) References Mailings Review View Tell me what you want to do... File Home Insert Design Layout Sign in Share Find - Arial 11 - L A Aa - A-9, AL T & Cut 5 Copy Format Painter AaBBCcDc AaBbCcDc AabbCcDc AaBbc AaBbcc. AaB Aabbccc AaBBCODE 1 Text box No Spacing Heading 1 Heading 2 Paste BI Uabe x, x? A-aly - A e, 11 Normal Title Subtitle ac Replace Select- Subtle Em... Clipboard Font Paragraph Styles Editing -X Navigation The following information has been extracted from the recently published accounts of By Fire By Force Ltd Search document EXTRACTS FROM THE STATEMENTS POF PROFIT OR LOSS TO 30 APRIL: Headings Pages Results 2019 2018 NS'000 DEPARTMENT OF BUSI... ASSIGNMENT NS'000 11,200 8,460 465 9,750 6.825 320 Revenue Cost of sales Net profit before tax This is after charging: Depreciation Loan note interest Interest on bank overdraft Audit fees 360 280 80 60 15 9 12 10 STATEMENTS OF FINANCIAL POSITION AS AT 30 APRIL: 2018 2019 N$000 NS000 N$'000 NS000 Assets Non-current assets 1,850 1,430 Current assets Inventories Trade receivables 640 1,230 490 1,080 Page 5 of 6 1075 words 87% Search for anything e o B 0 XM Desktop 11:55 AM 6/23/2020 C X Sign in Share Find - ac Replace Select- Editing Financial Accounting 3 Assignment 2 (Last saved by user) [Compatibility Mode] - Word (Product Activation Failed) File Home Insert Design Layout References Mailings Review View Tell me what you want to do... & Cut Arial 11 - L A Aa - AL T AaBbccdc AaBbCcDc Aabbccdc AaBbc AaBbccl AaB Aabbccc AaBBCODE 5 Copy Paste BI Uabe x, x? A-aly - A 1 Normal Format Painter 1 Text box No Spacing Heading 1 Heading 2 Title Subtitle Subtle Em... Clipboard Font Paragraph Styles Cash and cash equivalents 80 120 -X Navigation 1.950 1.690 Total Assets Search document Equity and Liabilities Headings Pages Results Equity : Ordinary share capital 800 800 DEPARTMENT OF BUSI... Retained Earnings 1,310 930 ASSIGNMENT 2,110 1.730 Non-current liabilities: 10% loan stock 800 600 3.800 3.120 Current Liabilities: Bank overdraft Trade and other payables Taxation 110 750 80 690 30 20 890 3.800 790 3.120 Total Equity and liabilities The following ratios are those calculated for By Fire By Force Company, based on its published Page 5 of 6 1075 words 87% Search for anything o EI e w XM Desktop 11:56 AM 6/23/2020 X Sign in Share Financial Accounting 3 Assignment 2 (Last saved by user) [Compatibility Mode] - Word (Product Activation Failed) File Home Insert Design Layout References Mailings Review View Tell me what you want to do... & Cut Arial 11 - L A Aa - A-9, AJ T AaBbccdc Aabbccdc Aabbccdc AaBbc AaBbcc. AaB Aabbccc AaBbccd. 5 Copy Paste BI Uabe x, x? A-aly - A 1 Normal 1 Text box No Spacing Heading 1 Heading 2 Title Subtitle Subtle Em... Format Painter Clipboard Font Paragraph Styles Find - ac Replace Select- Editing -X Navigation Search document The following ratios are those calculated for By Fire By Force Company, based on its published accounts for the previous year and also the latest industry average ratios: Headings Pages Results By Fire By Force Co 30 April 2018 16.30% DEPARTMENT OF BUSI... ASSIGNMENT Industry Average 18.50% 4.73% 3.91 3.90% 1.90 ROCE(Capital employed=equity and debentures) Profit/sales Asset turnover Current ratio Quick ratio Gross profit margin Accounts receivable collection period Accounts payable payment period Inventory turnover (times) Gearing 4.19 2.14 1.52 30.00% 1.27 35.23% 40 days 37 days 13.90 26.76% 52 days 49 days 18.30 32.71% Required: a. Calculate comparable ratios (to two decimal places where appropriate) for By Fire By Force Ltd for the year ended 30 April 2019. All calculations must be clearly shown. (10) b. Write a report to your board of directors analyzing the performance of By Fire By Force Ltd, comparing results against the previous year and against the industry average. (15) END Page 6 of 6 1075 words 87% Search for anything e J' B o XM Desktop 11:58 AM 6/23/2020