Question: ASSESSMENT 3: In-class Annual Report Assignment QUESTION PART 3 (8 marks) Asset Efficiency Analysis 1) Debtor days ratio Liquidity Analysis 2) Current ratio Capital Structure

ASSESSMENT 3: In-class Annual Report Assignment QUESTION PART 3 (8 marks) Asset Efficiency Analysis 1) Debtor days ratio Liquidity Analysis 2) Current ratio Capital Structure Analysis 3) Debt coverage ratio 3 marks: Ratio workings and answers 5 marks: Ratio explanations 8 marks: TOTAL PART 4 QUESTION 1 (4 marks) Cappadocia Balloon Rides Ltd is considering selling hot air balloon rides next year in January 2022. The following information is relevant: Lease of the hot air balloons Hot air balloon rides fee charged to a customer Fuel cost per air hot balloon rides Set up cost per air hot balloon rides REQUIRED: $7,500,000 $1,500 $100 $200 a) How many balloon rides will Cappadocia Balloon Rides Ltd need to provide in order to break-even? (show workings) (1 mark) QUESTION 2 (4 marks) From the following data from Cedar Park Enterprise, calculate the receipts of accounts receivable for July, August and September 2021. ACTUAL ESTIMATED May June July August September Credit Sales $160,000 $85,000 $112,500 $87,400 $163,200 b) Explain what the consequence/impact will be if the Cappadocia Balloon Rides Ltd has 8,460 hot air balloon rides for January 2022? (show workings) (1 mark) c) Explain what the consequence/impact will be if the Cappadocia Balloon Rides Ltd has 4,375 hot air balloon rides for January 2022? (show workings) (1 mark) d) Calculate the number of hot air balloon rides required for the Cappadocia Balloon Rides Ltd, if the business to earn a desired profit of $3,300,000. (show workings) Credit sales re-anally settled according to the following pattem: 25 per cent in the month of sale, 40 percent in the month following the sale and the remainder in the second month following the sale. (1 mark)

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