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Question 4 (20) Marks) REQUIRED 4.1 4.1.1 4.1.2 4.1.3 4.1.4 4.1.5 4.1.6...

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Accounting

Question 4
(20) Marks)
REQUIRED
4.1
4.1.1
4.1.2
4.1.3
4.1.4
4.1.5
4.1.6
4.1.7
4.2
4.1
4.2.2
4.2.3
Caloulate the following ratios for 2022(expressed to two docimal places). Note: Use the fomulas provided in the formula sheet only (that appear after QUESTION 5).
Gross proft: margin
Net profit margin
Inventory tumover
Currentratio
Acid test ratio
Debtequity rato
Dividend yield
Comment on the following ratios:
(2 marks)
(2 marks)
(2 marks)
(2 marks)
(2 marks)
(2 marks)
(2 marks)
(2 marks)
(2 marks)
(2 marks)
INFORMATION
Extracts of the financial statements of Spire Limitod for 2022 are given below.
Additional information
Inventories amountrod to R301000 on 31 December 2021.
Dhidends paid during 2022 amounted to Risz sc0.
The authorised shave captal consisted of 1000000 ondinary shaves of which 750000 were issued.
The market price of the shave was R3 on 31 December 2022.
Credit terms to debtors are 30 days.
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