Question: Im unble to paste the full question, please help. Hunter Limited Statement of changes in equity for the year ended 31 December 201 9 Ordinary

Im unble to paste the full question, please help.

Hunter Limited

Statement of changes in equity for the year ended 31 December 2019

Ordinary Share capital

Retained earnings

Preference share capital

Total

Balance at 1 January 2018

120 000

12 000

60 000

192 000

Total comprehensive income

-

48 300

-

48 300

Preference dividends paid

-

(6 000)

-

(6 000)

Ordinary dividends declared

-

(24 000)

-

(24 000)

Balance at 31 December 2018

120 000

30 300

60 000

210 300

Total comprehensive income

-

47 600

-

47 600

Preference dividends paid

-

(6 000)

-

(6 000)

Ordinary dividends declared

-

(15 000)

-

(15 000)

Balance at 31 December 2019

120 000

56 900

60 000

236 900

Hunter Limited

Statement of financial position as at 31 December 2019

R R

Note

2019

2018

Non-current assets

258 000

264 000

Property, plant and equipment

1

258 000

264 000

Current assets

257 000

111 000

Inventory

72 000

42 000

Trade Debtors

182 000

60 000

Bank

3 000

9 000

515 000

375 000

Equity

236 900

210 300

Share capital

2

120 000

120 000

Retained earnings

56 900

30 300

Preference share capital

2

60 000

60 000

Non-current liabilities

60 000

60 000

5 % Debentures

60 000

60 000

Current liabilities

218 100

104 700

Trade Creditors

182 700

60 000

Taxation payable

20 400

20 700

Shareholders for dividends

15 000

24 000

515 000

375 000

Additional Information and Notes:

  1. All purchases and sales are made on credit terms.
  2. Trade debtors at 31 December 2017 amounted to R140 000.

Required:

Using the information provided above evaluate the companys performance and position using financial ratio analysis.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!