question archive The following information has been extracted from the financial records of Intijer Ltd: Statement of Financial Position as at 30 June 2021 Assets 2021 2020 Non-Current Assets 5 000 000 3 800 000 Inventory 500 000 700 000 Receivables 350 000 420 000 Cash 280 000 140 000 6 130 000 5 060 000 Equity and Liabilities Share Capital (R2 shares) 2 600 000 1 700 000 Retained Income 500 000 940 000 Long term Debt 2 000 000 1 800 000 Payables 1 030 000 620 000 Statement of Comprehensive Income for the year ended 30 June 2021 R R Sales (75% on credit) 2 400 000 Cost of sales 1 600 000 Depreciation 62 000 Interest expense 96 000 Tax (30%) 160 000 Net Income after tax 300 000 Dividends 240 000 Retained Income 60 000 NB: Shares are currently trading at R3 per share
The following information has been extracted from the financial records of Intijer Ltd: Statement of Financial Position as at 30 June 2021 Assets 2021 2020 Non-Current Assets 5 000 000 3 800 000 Inventory 500 000 700 000 Receivables 350 000 420 000 Cash 280 000 140 000 6 130 000 5 060 000 Equity and Liabilities Share Capital (R2 shares) 2 600 000 1 700 000 Retained Income 500 000 940 000 Long term Debt 2 000 000 1 800 000 Payables 1 030 000 620 000 Statement of Comprehensive Income for the year ended 30 June 2021 R R Sales (75% on credit) 2 400 000 Cost of sales 1 600 000 Depreciation 62 000 Interest expense 96 000 Tax (30%) 160 000 Net Income after tax 300 000 Dividends 240 000 Retained Income 60 000 NB: Shares are currently trading at R3 per share
Subject:AccountingPrice: Bought3
The following information has been extracted from the financial records of Intijer Ltd: Statement of Financial Position as at 30 June 2021
Assets 2021 2020
Non-Current Assets 5 000 000 3 800 000
Inventory 500 000 700 000
Receivables 350 000 420 000
Cash 280 000 140 000
6 130 000 5 060 000
Equity and Liabilities
Share Capital (R2 shares) 2 600 000 1 700 000
Retained Income 500 000 940 000
Long term Debt 2 000 000 1 800 000
Payables 1 030 000 620 000
Statement of Comprehensive Income for the year ended 30 June 2021 R
R
Sales (75% on credit) 2 400 000
Cost of sales 1 600 000
Depreciation 62 000
Interest expense 96 000
Tax (30%) 160 000
Net Income after tax 300 000
Dividends 240 000
Retained Income 60 000
NB: Shares are currently trading at R3 per share.
1.1 Calculate the gross profit margin and net profit margin for the current year. (4)
1.2 Calculate the earnings per share (EPS) and dividends per share (DPS) for the current year. Describe what occurs to the difference between the EPS and the DPS value. (6)
1.3 Calculate the return on equity. Will shareholders be happy with this return? Discuss. (2)
1.4 Calculate and comment on the acid test ratio for both years. (5)
1.5 Calculate and comment on the debt equity ratio for both years. (5)
1.6 Calculate the stock turnover rate for the current year and explain the meaning of this ratio. (3)
