Question: Bolt Auto Needs is a trader in auto accessories. The following financial statements were presented for 2022: Condensed statement of profit or loss Condensed statement

 Bolt Auto Needs is a trader in auto accessories. The following
financial statements were presented for 2022: Condensed statement of profit or loss

Bolt Auto Needs is a trader in auto accessories. The following financial statements were presented for 2022: Condensed statement of profit or loss Condensed statement of financial position The following are some key ratios for Asaf Auto Access Ltd, a main competitor for the year 2022: Required: a. Calculate the ratios below for Bolt Auto Necds in the areas of liquidity, profitability, efficiency and capital structure for the year 2022. 103 30 MARKS Current ratio, Acid test ratio Net Profit Margin, return on capital employed, reture on shareholder's equity. Stock tumover period, Receivables collection period, Asset turnover ratio Gearing ratio, Interest cover b. Using the ratios calculated in (a) above, comment on the performance of Bolt Auto Needs in comparison to Asaf Auto Access 10X2 20 MARKS ci. Identify two purposes of non-financial data 2 MARKS cii. What non-financial data would you find usefal in making a more comprehensive analysis of the performance and financial position of Bolt Auto Needs? 8 MARKS ciii. Explain four (4) limitations of ratios. 4 MARKS Total Content 64 marks Other Marks Table of content 3 marks APA FORMAT 6 marks (double space, Times New romans, 12, in-text reference, page *,, running header)

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