- current ratio - Quick ratio - Gross margin - Net profit margin - Debtors colle
ID: 2815704 • Letter: #
Question
- current ratio - Quick ratio - Gross margin - Net profit margin - Debtors collection period - payable collection period - interest coverage ratio - Debt to asset RIRHANDZU COLLIERY PROPRIETARY LIMITED Financial Statements for the year ended 28 February 2018 Statement of Financial Position Figures in R Note(s) 2018 2017 Assets Property, plant and equipment Intangible assets Other financial assets Loan to shareholder 66 300 398 13 212 733 27 811 833 51 804 105 59 129 069 85 337 216 8 394 403 21 900 530 46 804 105 162 436 254 10 Current Assets 43 696 1 849 391 37 644 953 13 550 296 53 088 336 3 030 450 Current taxation asset Trade and other receivables Cash and cash equivalents 25 984 432 7 239 516 36 254 398 Total Assets 212 217 405 198 690 652 Equity and Liabilities Issued capital Retained earnings 100 127 781 531 27 781 631 100 120 559 827 120 559 927 7 504 322 25 009 686 3 793 986 15 940 333 Deferred taxation 12 Current Liabilities Trade and other payables Current taxation liability 51 921 766 43 512 411 883 995 48 396 406 13 51 921 766 Total Equity and Liabilities 212 217 405 198 690 652Explanation / Answer
Current ratio = Current assets/ current liabilities = 3088336/1921766 = 1.61
Quick ratio = ( Current Assets - Inventories)/Current Liabilities = (3088336-43696)/1921766 = 1.58
Gross Margin = Gross Profit/Revenue = 55908637/357393591 = 0.1564 or 15.64%
Net profit margin = Net profit/Revenue =7221704/357393591 = 0.0202 or 2.02%
Debtor Collection Period = Debtors or account receivables / revenue * 365 = 37644953/357393591 * 365 =38.45
Payable Collection Period = Accounts Payable / COGS * 365 = 51921766/301484954 * 365= 62.86 days
Interest Coverage ratio = EBIT/Interest Expense(Finance Cost) = 9328439/0 = infinite
Debt To Assets = (Total assets - Equity )/Total assets =( 212217405 -127781631)/212217405 = 0.3979 or 39.79%
PLease Discuss in case of doubt
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.