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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Question
Sales price per unit R15 R19
Variable cost per unit R6 R7
Fixed cost (FC) per annum R650 000 R 855 500
Fixed cost per unit R3 R4
Current assets R450 600 R560 700
Current liabilities R510 000 R780 000
Retained profit R21 809 R17 600
Net Sales R2 900 320 R 3 100 100
Cost of sales R390 000 R475 000
Calculate the break‐even point for 2019 and 2020.
The current ratio reflects the relationship between the value of the current assets and the extent of the current liabilities of a business
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