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Balance Sheet for Copernicus as at 31 May, 2008 Fixed Assets 1,500 32 Current Assets...

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Accounting

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Balance Sheet for Copernicus as at 31 May, 2008 Fixed Assets 1,500 32 Current Assets Stock Debtors ? Cash Total current assets 5 97 Current Liabilities Creditors 25 Short-term borrowings 20 Total current liabilities ? Working capital ? Long-term liabilities 350 Net assets ? Share capital Retained profit 1000 ? Equity 1202 Profit and Loss Account for Copernicus as at 31 May, 2008 $000 Sales revenue 1,500 Cost of goods sold ? ? 500 Expenses 250 Net profit before interest and tax ? Interest 15 Tax 45 Net profit before interest and tax ? Dividends 95 Retained profit 95 a. Fill in all missing ?'s b. Calculate the following ratios: GPM NPM ROCE Current Ratio Acid Test Debtor Days Creditor Days Gearing Ratio c. The 2009 values included the following: Current Assets 110 Stock 18 Current Liabilities 40 Capital Employed 1650 Sales Revenue 1875 Gross Profit 600 Net Profit 350 Debtors 35 Creditors 19 Find the same ratios for 2009. d. Comment on the changes made and how this would influence Copernicus's stakeholders

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