Calculate the following ratios all are required1-Total Asset Turnover2-Fixed Asset Turnover3-Equity Turnover4-Gross Profit Margin5-Operating Profit Margin Group Parent Company 31 December201831 March201831 December201831 March2018 NotesROROROROASSETS Non-current Property, plant and equipment56,406,4337,113,7593,683,6104,182,275Investment in subsidiaries --515,750515,750Fixed deposit9.11,048,399-1,048,399-Deferred tax assets27675,393537,722727,632602,078Non-current assets 8,130,2257,651,4815,975,3915,300,103Current Inventories64,481,2093,832,0104,450,5293,651,720Trade and other receivables73,771,1043,502,5743,244,8832,758,158Due from related parties18--351,8972,439,914Financial assets at fair value through profit or loss 8 187,604 193,088 187,604 193,088Fixed deposit9.1-1,025,000-1,025,000Cash and bank balances9908,8781,193,601901,0981,173,652Current assets 9,348,7959,746,2739,136,01111,241,532Total assets 17,479,02017,397,75415,111,40216,541,635EQUITY AND LIABILITIES Equity Share capital1012,500,00012,500,00012,500,00012,500,000Legal reserve113,480,9853,480,9853,314,3193,314,319Capital reserve1229,26929,26929,26929,269Retained earnings (2,024,793)(1,340,564)(3,838,147)(3,239,839)Total equity 13,985,46114,669,69012,005,44112,603,749LIABILITIES Non-current Term loans13684,360861,36834,38761,393Employees' end of service benefits14101,855132,22090,330123,072Non-current liabilities 786,215993,588124,717184,465Current Term loans13234,682234,68234,67834,678Short term loan151,500,000-1,500,000-Trade and other payables16969,7181,478,341883,2791,177,208Income tax payable 2,94421,453--Due to related parties18--563,2872,541,535Current liabilities 2,707,3441,734,4762,981,2443,753,421Total liabilities 3,493,5592,728,0643,105,9613,937,886Total equity and liabilities 17,479,02017,397,75415,111,40216,541,635Income statment Group Parent Company Period from 1 Period from Period from 1Period from April 2018 to 1 April 2017 April 2018 to1 April 2017 31 December to 31 March 31 Decemberto 31 March 2018 2018 20182018 NotesRO RO RORORevenue1914,580,55423,759,287 13,502,53621,183,600Direct costs21(12,665,192)(19,914,768) (12,137,274)(18,244,219)Gross profit 1,915,3623,844,519 1,365,2622,939,381Administration and general expenses22(1,957,272)(2,583,579) (1,554,571)(2,138,154)Selling and distribution expenses23(924,445)(1,350,347) (994,766)(1,456,472)Loss on disposal of property, plant and equipment5- (90,988) -(90,988)Loss on investment – net24(4,375)(13,927) (4,375)(13,927)Other income20209,349375,285 483,187765,957Finance income2526,60665,746 26,60665,746Operating (loss)/profit (734,775)246,709 (678,657)71,543Finance costs25(80,489)(100,314) (36,276)(29,665)(Loss)/profit before tax (815,264)146,395 (714,933)41,878Tax income/(expense)27139,964(30,324) 125,554(22,960)(Loss)/profit for the period/year (675,300)116,071 (589,379)18,918Other comprehensive income for the period/year - - --Total comprehensive (loss)/income for the period/year (675,300)116,071 (589,379)18,918

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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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Question

Calculate the following ratios all are required

1-Total Asset Turnover

2-Fixed Asset Turnover

3-Equity Turnover

4-Gross Profit Margin

5-Operating Profit Margin

		Group		Parent Company
		31 December 2018	31 March 2018	31 December 2018	31 March 2018
	Notes	RO	RO	RO	RO
ASSETS
Non-current
Property, plant and equipment	5	6,406,433	7,113,759	3,683,610	4,182,275
Investment in subsidiaries		-	-	515,750	515,750
Fixed deposit	9.1	1,048,399	-	1,048,399	-
Deferred tax assets	27	675,393	537,722	727,632	602,078
Non-current assets		8,130,225	7,651,481	5,975,391	5,300,103
Current
Inventories	6	4,481,209	3,832,010	4,450,529	3,651,720
Trade and other receivables	7	3,771,104	3,502,574	3,244,883	2,758,158
Due from related parties	18	-	-	351,897	2,439,914
Financial assets at fair value through profit or loss	8	187,604	193,088	187,604	193,088
Fixed deposit	9.1	-	1,025,000	-	1,025,000
Cash and bank balances	9	908,878	1,193,601	901,098	1,173,652
Current assets		9,348,795	9,746,273	9,136,011	11,241,532
Total assets		17,479,020	17,397,754	15,111,402	16,541,635
EQUITY AND LIABILITIES
Equity
Share capital	10	12,500,000	12,500,000	12,500,000	12,500,000
Legal reserve	11	3,480,985	3,480,985	3,314,319	3,314,319
Capital reserve	12	29,269	29,269	29,269	29,269
Retained earnings		(2,024,793)	(1,340,564)	(3,838,147)	(3,239,839)
Total equity		13,985,461	14,669,690	12,005,441	12,603,749
LIABILITIES
Non-current
Term loans	13	684,360	861,368	34,387	61,393
Employees' end of service benefits	14	101,855	132,220	90,330	123,072
Non-current liabilities		786,215	993,588	124,717	184,465
Current
Term loans	13	234,682	234,682	34,678	34,678
Short term loan	15	1,500,000	-	1,500,000	-
Trade and other payables	16	969,718	1,478,341	883,279	1,177,208
Income tax payable		2,944	21,453	-	-
Due to related parties	18	-	-	563,287	2,541,535
Current liabilities		2,707,344	1,734,476	2,981,244	3,753,421
Total liabilities		3,493,559	2,728,064	3,105,961	3,937,886
Total equity and liabilities		17,479,020	17,397,754	15,111,402	16,541,635

Income statment

			Group		Parent Company
		Period from 1		Period from		Period from 1	Period from
		April 2018 to		1 April 2017		April 2018 to	1 April 2017
		31 December		to 31 March		31 December	to 31 March
		2018		2018		2018	2018
	Notes	RO		RO		RO	RO
Revenue	19	14,580,554	23,759,287		13,502,536	21,183,600
Direct costs	21	(12,665,192)	(19,914,768)		(12,137,274)	(18,244,219)
Gross profit		1,915,362	3,844,519		1,365,262	2,939,381
Administration and general expenses	22	(1,957,272)	(2,583,579)		(1,554,571)	(2,138,154)
Selling and distribution expenses	23	(924,445)	(1,350,347)		(994,766)	(1,456,472)
Loss on disposal of property, plant and
equipment	5	-		(90,988)		-	(90,988)
Loss on investment – net	24	(4,375)	(13,927)		(4,375)	(13,927)
Other income	20	209,349	375,285		483,187	765,957
Finance income	25	26,606	65,746		26,606	65,746
Operating (loss)/profit		(734,775)	246,709		(678,657)	71,543
Finance costs	25	(80,489)	(100,314)		(36,276)	(29,665)
(Loss)/profit before tax		(815,264)	146,395		(714,933)	41,878
Tax income/(expense)	27	139,964	(30,324)		125,554	(22,960)
(Loss)/profit for the period/year		(675,300)	116,071		(589,379)	18,918
Other comprehensive income for the
period/year		-		-		-	-
Total comprehensive (loss)/income
for the period/year		(675,300)	116,071		(589,379)	18,918

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Calculate the following ratios all are required 1-Total Asset Turnover 2-Fixed Asset Turnover 3-Equity Turnover 4-Gross Profit Margin 5-Operating Profit Margin