The following abridged statements relate to Regent Projects Limited for the year ended 2022: Statement of...

 

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The following abridged statements relate to Regent Projects Limited for the year ended 2022: Statement of Comprehensive Income for the year ended 28 February 2022 Sales (all credit) Cost of sales Gross profit Operating expenses Operating profit Interest expense Profit after tax 4.3 4.4 4.5 4.6 ASSETS Non-Current Assets Current Assets Inventory Debtors EQUITY AND LIABILITIES Owners Equity Statement of Financial Position as at 28 February 2022 Non-Current Liabilities Current Llabilities Creditors Bank overdraft 4.1 Gross Margin 4.2 ¹000 Inventory tumover Debtors collection period Acid-test ratio 800 1050 Debt to Equity Retum on own equity ¹000 9 000 400) 640 90 Note: Inventories on 1 March 2021 amounted to R650 000 (3 5.600 1.800 3.800 300 3.500 4000 2460 1850 4310 Required: Use the information above to calculate the following ratios and where applicable, round off answers correctly to two decimal places. 2940 640 730 4310 (4) (4) (4) (5) (4) (4) The following abridged statements relate to Regent Projects Limited for the year ended 2022: Statement of Comprehensive Income for the year ended 28 February 2022 Sales (all credit) Cost of sales Gross profit Operating expenses Operating profit Interest expense Profit after tax 4.3 4.4 4.5 4.6 ASSETS Non-Current Assets Current Assets Inventory Debtors EQUITY AND LIABILITIES Owners Equity Statement of Financial Position as at 28 February 2022 Non-Current Liabilities Current Llabilities Creditors Bank overdraft 4.1 Gross Margin 4.2 ¹000 Inventory tumover Debtors collection period Acid-test ratio 800 1050 Debt to Equity Retum on own equity ¹000 9 000 400) 640 90 Note: Inventories on 1 March 2021 amounted to R650 000 (3 5.600 1.800 3.800 300 3.500 4000 2460 1850 4310 Required: Use the information above to calculate the following ratios and where applicable, round off answers correctly to two decimal places. 2940 640 730 4310 (4) (4) (4) (5) (4) (4)

Answer rating: 100% (QA)

Calculate the following ratios as follows 1 Gross Margin Gross MarginSalesCost of SalesSales100 9000... View the full answer