Calculate the following ratios from balance sheet statement for any organization:• Current ratio• Debt ratio• Quick ratio• Equity multiplier• Debt to equity ratio Statement of financial position as at 31 December 2019Notes31 December31 December20192018ROROASSETSNon-current assetsProperty, plant and equipment514,352,67015,813,557Right-of-use asset6600,694Fair value through other comprehensive incomeinvestments72,228,7071,757,086Total non-current assets17,182,07117,570,643Current assetsDebt instruments at amortised cost811,019,3909,078,075Inventories9.4,661,4285,374,9298,297,403Trade and other receivables108,339,499800,31423,550,721Cash and cash equivalents111,480,73225,501,049Total current assetsTotal assets42,683,12041,121,364EQUITY AND LIABILITIESCapital and reservesShare capital1229,621,36829,621,368Legal reserve136,665,9596,463,472Retained earnings2,052,8722,007,775Equity investment reserve(1,004,521)(622,772)37,717,427Total capital and reserves37,088,094Non-current liabilitiesNon-current portion of lease liabilities6490,476Employees' benefits liability17768,488399,110938,425Deferred tax liability25393,303Total non-current liabilities1,658,0741,331,728Current liabilitiesCurrent portion of lease liabilities6124,624Trade and other payables152,768,1532,524,711Income tax payable25414,842176,831Total current liabilities3,307,6192,701,542Total equity and liabilities42,683, 12041,121,364Net assets per share (RO)260.1270.125

The current and debt ratio is as follows: The resultant table is as follows:

Answered: Calculate the following ratios from…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Calculate the following ratios from balance sheet statement for any organization:

• Current ratio
• Debt ratio
• Quick ratio
• Equity multiplier
• Debt to equity ratio

Statement of financial position as at 31 December 2019
Notes
31 December
31 December
2019
2018
RO
RO
ASSETS
Non-current assets
Property, plant and equipment
5
14,352,670
15,813,557
Right-of-use asset
6
600,694
Fair value through other comprehensive income
investments
7
2,228,707
1,757,086
Total non-current assets
17,182,071
17,570,643
Current assets
Debt instruments at amortised cost
8
11,019,390
9,078,075
Inventories
9.
4,661,428
5,374,929
8,297,403
Trade and other receivables
10
8,339,499
800,314
23,550,721
Cash and cash equivalents
11
1,480,732
25,501,049
Total current assets
Total assets
42,683,120
41,121,364
EQUITY AND LIABILITIES
Capital and reserves
Share capital
12
29,621,368
29,621,368
Legal reserve
13
6,665,959
6,463,472
Retained earnings
2,052,872
2,007,775
Equity investment reserve
(1,004,521)
(622,772)
37,717,427
Total capital and reserves
37,088,094
Non-current liabilities
Non-current portion of lease liabilities
6
490,476
Employees' benefits liability
17
768,488
399,110
938,425
Deferred tax liability
25
393,303
Total non-current liabilities
1,658,074
1,331,728
Current liabilities
Current portion of lease liabilities
6
124,624
Trade and other payables
15
2,768,153
2,524,711
Income tax payable
25
414,842
176,831
Total current liabilities
3,307,619
2,701,542
Total equity and liabilities
42,683, 120
41,121,364
Net assets per share (RO)
26
0.127
0.125

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Expert Solution

Step by step

Solved in 2 steps with 4 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions