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Business
Accounting
Assets Non-current assets R1 211 250 Current assets ( Includes inventory of R166 000) R835 125 Total Assets R2 046 375 Equity and liabilities Ordinary share capital (250 000 shares) R1 500 000 Retained earnings R 74 625 Non- current liabilities R255 000 Current liabilities R216 750 Total equity and liabilities R 2 046 375 Required: Calculate the following ratios for 2022. Only use ratios found in your module guide. Where applicable, round off answers to two decimal places. 2.1 Operating profit on turnover 2.2 Current ratio 2.3 Acid test ratio 2.4 Interest cover 2.5 Return on assets genrate answer in step and required method with explantion in aech steps and each step by step and make some good headings , explanation, and final solution also

Assets Non-current assets R1 211 250 Current assets ( Includes inventory of R166 000) R835 125 Total Assets R2 046 375 Equity and liabilities Ordinary share capital (250 000 shares) R1 500 000 Retained earnings R 74 625 Non- current liabilities R255 000 Current liabilities R216 750 Total equity and liabilities R 2 046 375 Required: Calculate the following ratios for 2022. Only use ratios found in your module guide. Where applicable, round off answers to two decimal places. 2.1 Operating profit on turnover 2.2 Current ratio 2.3 Acid test ratio 2.4 Interest cover 2.5 Return on assets genrate answer in step and required method with explantion in aech steps and each step by step and make some good headings , explanation, and final solution also

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Assets Non-current assets R1 211 250 Current assets ( Includes inventory of R166 000) R835 125 Total Assets R2 046 375 Equity and liabilities Ordinary share capital (250 000 shares) R1 500 000 Retained earnings R 74 625 Non- current liabilities R255 000 Current liabilities R216 750 Total equity and liabilities R 2 046 375 Required: Calculate the following ratios for 2022. Only use ratios found in your module guide. Where applicable, round off answers to two decimal places. 2.1 Operating profit on turnover 2.2 Current ratio 2.3 Acid test ratio 2.4 Interest cover 2.5 Return on assets genrate answer in step and required method with explantion in aech steps and each step by step and make some good headings , explanation, and final solution also
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