$08$:$104$

$100$

Ringer

Done

$(2023$: $13\mathrm{.}68\%)$

$(3$ marks$)$

$2\mathrm{.}2$ A measure how quickly the company sells and replaces its goods for resale $(2023$: $12\mathrm{.}32$ times$)$

$(3$ marks$)$

$2\mathrm{.}3$ A measure of how efficiently the company is using its own and borrowed capital to generate profit $(2023$: $32\mathrm{.}66\%)$

$(4$ marks$)$

$2\mathrm{.}4$ The percentage of the company's non$-$current debt to the shareholders' equity $(2023$: $49\%)$

$(3$ marks$)$

$2\mathrm{.}5$ The financial metric used to measure the ability of the company to settle its short$-$term obligations within one year $(2023$: $1\mathrm{.}98$:$1)$

$(4$ marks$)$

$2\mathrm{.}6$ The percentage of the company's profit that can be reinvested in the company $(2023$: $20\mathrm{.}67\%).$

$(3$ marks$)$

INFORMATION

Excerpts of financial data of Viking Limited for $2024$ are as follows:

$\backslash$table$[[$Statement of Comprehensive Income for the year ended $31$ December $2024],[,$R$],[$Sales $($all credit$),9600000],[$Cost of sales,?$],[$Gross profit,$3360000],[$Operating profit,?$],[$Interest income,$0],[$Interest expense,$96000],[$Profit before tax,$1344000],[$Profit after tax,$981120]]$

$\backslash$table$[[$Statement of Financial Position as at $31$ December $2024],[,$R$],[$Assets$,],[$Non$-$current assets,$1872000],[$Inventory$,864000],[$Accounts receivable,$576000],[$Cash$,336000],[,3648000],[$Equity and liabilities,$],[$Ordinary share capital,$2000000],[$Retained earnings,$400000],[$Loan from Aro Bank $12\%,816000],[$Loan from Hip Bank $13\%,100000],[$Accounts payable,$332000],[,3648000]]$

Note:

Inventory on $31$ December $2023$ amounted to R$600000.$

The loan from Aro Bank is payable by $31$ December $2028.$

The loan from Hip Bank is payable by $30$ November $2025.$

Dividends of R$686784$ were paid to shareholders during $2024.$Calculate the appropriate ratio for $2024$ and provide an interpretation of your answer for each of the following.

The ratios for $2023$ are provided in brackets.

Note:

Use the formulas provided in the formula sheet only $($that appear after QUESTION $5).$

Answers to the ratios must be expressed to two decimal places and be fully stated e$.$g$.2\mathrm{.}13$:$1,24\mathrm{.}67\%.$

$2\mathrm{.}1$ The net profit that the company produced expressed as a percentage of the total revenue $(2023$: $13\mathrm{.}68\%)$

$(3$ marks$)$

$2\mathrm{.}2$ A measure how quickly the company sells and replaces its goods for resale $(2023$: $12\mathrm{.}32$ times$)$

$(3$ marks$)$

$2\mathrm{.}3$ A measure of how efficiently the company is using its own and borrowed capital to generate profit $(2023$: $32\mathrm{.}66\%)$

$(4$ marks$)$

$2\mathrm{.}4$ The percentage of the company's non$-$current debt to the shareholders' equity $(2023$: $49\%)$

$(3$ marks$)$

$2\mathrm{.}5$ The financial metric used to measure the ability of the company to settle its short$-$term obligations within one year $(2023$: $1\mathrm{.}98$:$1)$

$(4$ marks$)$

$2\mathrm{.}6$ The percentage of the company's profit that can be reinvested in the company $(2023$: $20\mathrm{.}67\%).$

$(3$ marks$)$

INFORMATION

Excerpts of financial data of Viking Limited for $2024$ are as follows:

Statement of Comprehensive Income for the year ended $31$ December $2024$

$\backslash$table$[[,$R$],[$Sales $($all credit$),9600000],[$Cost of sales,?$],[$Gross profit,$3360000],[$Operating profit,?$],[$Interest income,$0],[$Interest expense,$96000],[$Profit before tax,$1344000],[$Profit after tax,$981120]]$

$\backslash$table$[[$Statement of Financial Position as at $31$ December $2024],[,$R$],[$Assets$,],[$Non$-$current assets,$1872000],[$Inventory$,864000],[$Accounts receivable,$576000],[$Cash$,336000],[,3648000],[$Equity and liabilities,$],[$Ordinary share capital,$2000000],[$Retained earnings,$400000],[$Loan from Aro Bank $12\%,816000],[$Loan from Hip Bank $13\%,100000],[$Accounts payable,$332000],[,3648000]]$