Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question three (30 marks) using the information be

QUESTION THREE (30 MARKS) Using the information below calculate the following ratios for MTN Corporation....

50.1K

Verified Solution

Question

Accounting

QUESTION THREE (30 MARKS) Using the information below calculate the following ratios for MTN Corporation. Information from the December 31, 2012 Statement of Financial Position is presented below. Item Sales Cost of sales Gross Profit Add Other Income Gross Income Operating Expenses Operating Profit (Earnings before Interest and Tax) less Interest Expense Profit before tax Income tax expense Net Profit for the Year Statement of Financial Position 31 December 2012 Item ASSETS Non-Current Assets Current Assets Inventories Trade Receivables Cash and Cash Equivalents TOTAL ASSETS EQUITY AND LIABILITIES Total Equity Non-Current Liabilities Current Liabilities Total Equity and Liabilities Calculate: 3.1. Current Ratio 3.2. Acid Test Ratio 3.3. Debt to Equity Ratio 3.4. ROA 3.5. ROE 2012 (R) 909 000 (319 813) 589 187 1432 590 619 (474 732) 115 887 (21 000) 94 887 (27 517) 67 370 2012 (R) R 512 690 102 157 12 100 85 757 4 300 614 847 422 486 96 000 96 361 614 847 (6) (6) (6) (6) (6)
image
gutstios miker. [30 MA5x] Uaing the infermation below calculate the following raties for MTN Carperation. Informution trem the December 31, 2012 Stotement of Financial Position is presentad below

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students