Question 2.3Comment on the dividend payout rate of the company based on the attachments Notes:Inventories as at 31 December 2020 amounted to R185000All purchases and sales are on creditCredit terms to Debtors are 30 daysCredit terms of 3/10 net 90 days are granted by creditorsDividends for the year amounted to R139 503 21 PGDBM AFM801 Main 20211112080701%20(1).pdf4 / 12100% +|INFORMATIONSATNER LIMITEDSTATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021Sales1574 800Cost of sales(812 600)Gross profit762 200Operating expenses(420 680)Operating profit341 520Interest expense(56 820)Profit before tax284 700Company tax(85 410)Net profit after tax199 29012:0724°CENG2021/11/23PrtScrInsertHomeEndF6F7FSF9F10F11F12 O.pdf5 / 12100%田STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER2021AssetsRNon-current assets783 000Current assets:606 600Inventories203 000Accounts receivable277 800Cash and cash equivalents125 800Total assets1 389 600Equity and liabilitiesShareholders' equity628 900Non-current liabilities (15%)378 800Current liabilities381 900Accounts payable100 800Other current liabilities281 100Total equity and liabilities1 389 60024°C ^ENGW20

Dividend payout ratio refers to the ratio of dividend paid out of earnings remained to shareholders…

Comment on the dividend payout rate of the company based on the attachments Notes: Inventories as at 31 December 2020 amounted to R185000 All purchases and sales are on credit Credit terms to Debtors are 30 days Credit terms of 3/10 net 90 days are granted by creditors Dividends for the year amounted to R139 503

Comment on the dividend payout rate of the company based on the attachments Notes: Inventories as at 31 December 2020 amounted to R185000 All purchases and sales are on credit Credit terms to Debtors are 30 days Credit terms of 3/10 net 90 days are granted by creditors Dividends for the year amounted to R139 503

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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