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4. Comment on the company’s ability to utilize its assets and manage its liabilities effectively using the following efficiency ratios  a. Total Asset Turnover b. Accounts Payable Turnover c. Return on Total Assets (ROA)

4. Comment on the company’s ability to utilize its assets and manage its liabilities effectively using the following efficiency ratios  a. Total Asset Turnover b. Accounts Payable Turnover c. Return on Total Assets (ROA)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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4. Comment on the company’s ability to utilize its assets and manage its liabilities effectively using the following efficiency ratios 
a. Total Asset Turnover
b. Accounts Payable Turnover
c. Return on Total Assets (ROA) 

Notes 2020 $'000 2019 000,2$ CURRENT ASSETS Cash and cash equivalents Short term investments 4 15,620 1,084,143 1,087,056 46,525 6.679 88,571 213,189 152,537 10,507 10.450 3(d),5 Securities purchased under resale agreements Accounts receivable 3(e) 6 Taxation recoverable Total current assets 2.240,023 475,254 CURRENT LIABILITIES Accounts payable Loans and borrowings Lease liabilities 7 682,999 130,000 550,364 150,000 5,795 14 11(b) 5.795 Total current liabilities 818.794 706.159 WORKING CAPITAL SURPLUS /(DEFICIT) 1.421,229 230,905) NON-CURRENT ASSETS Interest in subsidiary and associate companies 8. 3,624,711 18,929 87,579 68.445 5,055,419 26,917 94,744 72.471 Investments Property, plant and equipment Right-of-use assets 10 11(a) Total non-current assets 3.799.664 5,249,551 Total assets less current liabilities 5.220.893 5.018.646 EQUITY Share capital Reserves 12 112,214 112,214 13 3,950.089 3.703,709 Total equity attributable to stockholders 4.062,303 3.815,923 NON-CURRENT LIABILITIES Loans and borrowings Lease liabilities 14 1,100,290 58.300 1,138,222 64,501 11 (b) Total equity and non-current liabilities 5,220,893 5.018,646
Transcribed Image Text:Notes 2020 $'000 2019 000,2$ CURRENT ASSETS Cash and cash equivalents Short term investments 4 15,620 1,084,143 1,087,056 46,525 6.679 88,571 213,189 152,537 10,507 10.450 3(d),5 Securities purchased under resale agreements Accounts receivable 3(e) 6 Taxation recoverable Total current assets 2.240,023 475,254 CURRENT LIABILITIES Accounts payable Loans and borrowings Lease liabilities 7 682,999 130,000 550,364 150,000 5,795 14 11(b) 5.795 Total current liabilities 818.794 706.159 WORKING CAPITAL SURPLUS /(DEFICIT) 1.421,229 230,905) NON-CURRENT ASSETS Interest in subsidiary and associate companies 8. 3,624,711 18,929 87,579 68.445 5,055,419 26,917 94,744 72.471 Investments Property, plant and equipment Right-of-use assets 10 11(a) Total non-current assets 3.799.664 5,249,551 Total assets less current liabilities 5.220.893 5.018.646 EQUITY Share capital Reserves 12 112,214 112,214 13 3,950.089 3.703,709 Total equity attributable to stockholders 4.062,303 3.815,923 NON-CURRENT LIABILITIES Loans and borrowings Lease liabilities 14 1,100,290 58.300 1,138,222 64,501 11 (b) Total equity and non-current liabilities 5,220,893 5.018,646
JAMAICA PRODUCERS GROUP LIMITED Company Statement of Profit or Loss and Other Comprehensive Income Year ended December 31, 2020 Notes 2019 2020 $'000 000.$ Gross operating revenue: Management fees - subsidiaries License income - subsidiary 22,918 77,156 36,846 5,427 56,293 329,468 9,164 10,026 Interest - subsidiaries - other Dividend Rent - subsidiaries 328,139 12,282 16 21,321 - other 1838 3.906 451,193 463,591 Administration and other operating expenses 17 (378,313) (390,3521 Profit from operations Net gain from fluctuation in exchange rates Gain on disposal of investments and property, plant and equipment (Increase)/decrease in impairment allowance on loans and receivables - subsidiaries Gain on settlement of balance with subsidiary 72,880 98,644 73,239 16 15,519 424,232 17,828 ( 10,865) 1,827 3,382 8. Profit before finance cost and taxation 584,891 111,795 Finance cost - interest 16 (112.745) 96.817) Profit before taxation Taxation 14,978 532) 472,146 18 191) Profit for the year 471.955 14.446 Other comprehensive (lossyincome: Items that will not be reclassified to profit or loss: (Depreciation)/appreciation of fair value through other comprehensive income ("FVOCI") investments Realised gains on the disposal of FVOCI investments ( 7,988) 5,785 1,185 7988) 6.970 Total comprehensive income for the year 463,967 21,416
Transcribed Image Text:JAMAICA PRODUCERS GROUP LIMITED Company Statement of Profit or Loss and Other Comprehensive Income Year ended December 31, 2020 Notes 2019 2020 $'000 000.$ Gross operating revenue: Management fees - subsidiaries License income - subsidiary 22,918 77,156 36,846 5,427 56,293 329,468 9,164 10,026 Interest - subsidiaries - other Dividend Rent - subsidiaries 328,139 12,282 16 21,321 - other 1838 3.906 451,193 463,591 Administration and other operating expenses 17 (378,313) (390,3521 Profit from operations Net gain from fluctuation in exchange rates Gain on disposal of investments and property, plant and equipment (Increase)/decrease in impairment allowance on loans and receivables - subsidiaries Gain on settlement of balance with subsidiary 72,880 98,644 73,239 16 15,519 424,232 17,828 ( 10,865) 1,827 3,382 8. Profit before finance cost and taxation 584,891 111,795 Finance cost - interest 16 (112.745) 96.817) Profit before taxation Taxation 14,978 532) 472,146 18 191) Profit for the year 471.955 14.446 Other comprehensive (lossyincome: Items that will not be reclassified to profit or loss: (Depreciation)/appreciation of fair value through other comprehensive income ("FVOCI") investments Realised gains on the disposal of FVOCI investments ( 7,988) 5,785 1,185 7988) 6.970 Total comprehensive income for the year 463,967 21,416
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