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QUESTION 1 (20) Use the following data to calculate the requested rabos for Vereeniging Status...

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QUESTION 1 (20) Use the following data to calculate the requested rabos for Vereeniging Status Manufactunng Bnefly analyse each answer (Some rabos to guide you are on pages 14 and 15) Assets R'000 Liabilities and Equity R 000 Cash 300 Accounts payable 590 Accounts receivable 900 Accrued expenses 180 Inventory 680 Notes payable-bank 470 Total Current assets 1880 Current matunng long-term 90 debt Fixed assets 1330 1320 Total Current liabilities Long-term debt 670 1200 3200 Equity Total assets 3200 Total liabilities and equity "Pror period inventory was 190 Income statement R000 Net sales 9725 Cost of goods sold 6200 Operating expenses 2550 Interest expense 105 Other income 2 Other expenses 48 Taxes 118 Net income 706 (TURN OVER 2 RSK4804 Jan/Feb 2020 1) Current ratio 2) Days accounts receivable 3) Inventory tumover 4 Days accounts payable outstanding 5) Debtlequity 6) Times interest earned 7) Retum on Equity (ROE) 8) Total asset turnover (asset utilisation) 9) Operating Proft Margin 10) Gearing

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