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Explain and discuss each ratio in detail, analyze and interpret (calculate the ratio, indicate the rule of thumb for the ratio, advice on the status of the business and on what Mr. Molefe has to do to improve) the financial position according to the following: 2.1. Current Ratio. 2.2. Calculate Gross margin. 2.3. Calculate Return on Assets.

Explain and discuss each ratio in detail, analyze and interpret (calculate the ratio, indicate the rule of thumb for the ratio, advice on the status of the business and on what Mr. Molefe has to do to improve) the financial position according to the following: 2.1. Current Ratio. 2.2. Calculate Gross margin. 2.3. Calculate Return on Assets.

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
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Explain and discuss each ratio in detail, analyze and interpret (calculate the ratio, indicate the rule of thumb for the ratio, advice on the status of the business and on what Mr. Molefe has to do to improve) the financial position according to the following: 2.1. Current Ratio. 2.2. Calculate Gross margin. 2.3. Calculate Return on Assets.
Fixed Assets Tunnel Operational Infrastructure Delivery Vehicle Current Assets Debtors Bank Account R R R 1 598 329 R R 1598 329 R 6 485 209 Equity & Liabilities 2022 Capital & Reserves R 1 505 037 Current Year Earnings R 1 505 037 Retained Income R Non-Current Liabilities R 3 931 588 Term Loan R 3 931 588 Current Liabilities R 1 048 584 Creditors R Term Loan R 1048 584 Total Equity & Libilities R 6 485 209 2163 | msagoufs.ac.za | www.ufs.ac.za UFSweb 1 UFSweb cellence, Transforming lives. UNIVERSITYSLAI nemendheid. Verander lewens. UNIVERSITERATZE YURITATE H Income Statement 2022 Turnover 5 300 245 Cost of Sales 3 518 423 Gross Profit 1781 822 Gross Profit % Expenses Accounting Fees 2 500 Advertising & Marketing Bank Charges 2000 Cleaning Expenses 5 000 Computer Expenses 5 000 Consumables 2 500 Electricity & Water 260 140 Entertainment HACCP 25 000 Insurance 25 650 Legal Fees 5 000 Motor Vehicle Expenses 10 000 Postage 2 000 Printing & Stationery 3 000 Professional Fees 10 000 Rent 293 204 Transport to Warehouse 677 160 Salaries & Wages 208 423 24 487 2 500 4000 10 000 71 250 1648 814 475 000 (341 993) 673 453 Total Assets Balance sheet for 2022 Income Statement for 2022 Security Assets Subscriptions Telephone & Fax Training Plant Maintenance. Total Expenses Depreciation Profit/(Loss) before Interest & Tax R R Interest Taxation Profit/(Loss) for the year 2022 4 886 880 4 019 880 (1015 446) 417 000 450 000
Transcribed Image Text:Fixed Assets Tunnel Operational Infrastructure Delivery Vehicle Current Assets Debtors Bank Account R R R 1 598 329 R R 1598 329 R 6 485 209 Equity & Liabilities 2022 Capital & Reserves R 1 505 037 Current Year Earnings R 1 505 037 Retained Income R Non-Current Liabilities R 3 931 588 Term Loan R 3 931 588 Current Liabilities R 1 048 584 Creditors R Term Loan R 1048 584 Total Equity & Libilities R 6 485 209 2163 | msagoufs.ac.za | www.ufs.ac.za UFSweb 1 UFSweb cellence, Transforming lives. UNIVERSITYSLAI nemendheid. Verander lewens. UNIVERSITERATZE YURITATE H Income Statement 2022 Turnover 5 300 245 Cost of Sales 3 518 423 Gross Profit 1781 822 Gross Profit % Expenses Accounting Fees 2 500 Advertising & Marketing Bank Charges 2000 Cleaning Expenses 5 000 Computer Expenses 5 000 Consumables 2 500 Electricity & Water 260 140 Entertainment HACCP 25 000 Insurance 25 650 Legal Fees 5 000 Motor Vehicle Expenses 10 000 Postage 2 000 Printing & Stationery 3 000 Professional Fees 10 000 Rent 293 204 Transport to Warehouse 677 160 Salaries & Wages 208 423 24 487 2 500 4000 10 000 71 250 1648 814 475 000 (341 993) 673 453 Total Assets Balance sheet for 2022 Income Statement for 2022 Security Assets Subscriptions Telephone & Fax Training Plant Maintenance. Total Expenses Depreciation Profit/(Loss) before Interest & Tax R R Interest Taxation Profit/(Loss) for the year 2022 4 886 880 4 019 880 (1015 446) 417 000 450 000
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