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2016 S 000 The financial statements for Tampines Ltd are presented below: : Tampines Ltd Comparative Statements of Financial Position As at 31 December 2017 and 31 December 2016 2017 S'000 Current assets Cash and cash equivalents 6.580 Receivables (all trade) 16,400 Inventories 28.000 Total current assets 50.980 Non-current assets Property, plant and equipment 68,760 Total non-current assets 68,760 Total assets 119,740 8.440 14,200 27,720 50.800 61,320 61.320 112.180 23,120 23,120 23.960 23.960 Current liabilities Payables Total current liabilities Non-current liabilities Interest-bearing liabilities Total non-current liabilities Total liabilities Equity Share capital: Preference, 1,000,000 shares issued and outstanding Ordinary, 28.800,000 shares issued and outstanding Retained earnings Total equity 39,760 39,760 62,880 37,800 37.800 61.760 2.000 28,800 26,060 2,000 28,800 19.620 50,420 56,860 Total liabilities and equity 119,740 112,180 Income Statement For the year ended 31 December 2017 S'000 220,000 140,400 79,600 Revenue (net sales) Less: Cost of sales Gross profit Less: Expenses Selling and distribution expenses Administrative expenses Finance costs Total cxpenses Profit before income tax Less: Income tax expense Profit 28.400 19,880 6,240 54,520 25,080 7,632 17.448 Additional information: Market price of ordinary share at year end (2017): S24 per share. (ii) Total cash dividends paid during the year (2017): Preference shares, $200,000 and Ordinary shares, $10,808,000. Required: (a) Compute the following ratios for 2017. The industry average for similar businesses is also provided. Industry average (i) Return on total assets 12% (in) Return on ordinary shareholders' equity 20% (iii) Profit margin ratio (iv) Dividend yield 5% (V) Current ratio 2.5: 1 (vi) Acid-test ratio 1.3:1 (vii) Days' sales uncollected 28.1 days (viii) Inventory turnover (ix) Equity ratio 60% (X) Times interest camed (13 marks)

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