[26 marks] QUESTION 2 Orico Ltd, a Leading Tech company is planning to prepare forecasted financial...

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[26 marks] QUESTION 2 Orico Ltd, a Leading Tech company is planning to prepare forecasted financial statements for year 2023 based on year 2022 accounting data. Extract for the year ended 2022 Details Total revenue Cost of sales Selling expenses Depreciation expense Interest expense Outstanding shares (45 000@ R 3 each) Cash Account receivable Inventory Plant & equipment Accumulated depreciation Average tax rate Additional information 2022 (R) 2 056 445 1 659 375 186 025 19 913 33 188 135.000 26 550 292 050 292 050 1 526 566 331 875 28% Accounts payable, notes payable, long-term debt, common stock, additional paid- in-capital, and retained earnings represented 10%, 1.5%. 15%, 43.5%, 12% and 18% of total assets, respectively. [26 marks] QUESTION 2 Orico Ltd, a Leading Tech company is planning to prepare forecasted financial statements for year 2023 based on year 2022 accounting data. Extract for the year ended 2022 Details Total revenue Cost of sales Selling expenses Depreciation expense Interest expense Outstanding shares (45 000@ R 3 each) Cash Account receivable Inventory Plant & equipment Accumulated depreciation Average tax rate Additional information 2022 (R) 2 056 445 1 659 375 186 025 19 913 33 188 135.000 26 550 292 050 292 050 1 526 566 331 875 28% Accounts payable, notes payable, long-term debt, common stock, additional paid- in-capital, and retained earnings represented 10%, 1.5%. 15%, 43.5%, 12% and 18% of total assets, respectively.

Answer rating: 100% (QA)

Total Assets Cash Accounts Receivable Inventories PPE Accumul... View the full answer