Part B (4 marks) The partial financial information of Flick Ltd is shown below: ...
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Accounting
Part B (4 marks)
The partial financial information of Flick Ltd is shown below:
|
| 2021 | 2022 |
|
| $ | $ |
| Sales Revenue | 650 000 | 600 200 |
| Cost of Sales | 474 500 | 422 000 |
| Net Profit after tax | 58 000 | 52 000 |
| Cash | 30 000 | 25 000 |
| Account Receivable (net) | 78 000 | 61 300 |
| Inventory | 36 400 | 97 500 |
| Total Non-current Assets | 370 800 | 440 700 |
| Account Payable | 45 000 | 30 000 |
| Short-term notes payable | 35 100 | 45 400 |
| Total 5 year 10% Debentures | 125 900 | 110 600 |
| Share Capital | 224 200 | 340 000 |
| General Reserve | 0 | 10 000 |
| Retained Earnings | 85 000 | 66 000 |
Required:
Using the above information, you are required to calculate the following financial ratios. (4 marks)
1. Profit margin for 2021_________
2. Current ratio for 2022_________
3. Return on ordinary shares equity for 2022_________
4. Debt to assets for 2022_________
(Type your response directly in the text box below.)
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