My Love and Girl Ltd is an agro processing company at Kpando. The companys published financial statements for the year ended 31st December 2008 are as follows: Income statement for the year ended31st December 2008 GH Revenue 90, 336 Cost of Sales 70,002 Gross Profit 20, 334 Selling, general and administration expenses 4, 520 Profit before tax 15,814 Taxation 3,734 Profit after tax 12,080Income surplus Balance at 1/01/08 5, 200 Profit for the year 12,080 17,280 Dividends: Equity 7, 600 7% preference 3, 150 Balance as at 31/12/08 6,530 Balance sheet as at 31st December 2008 Non-current assets GH Property plant and Equipment 183, 250 Net current assets 16,750 200,000 Financed by: Stated Capital: Equity shares (issued at 50 pesewas per share) 95,000 75% preference shares (issued at 25 pesewas per share) 45,000 Income surplus 6, 530 Shareholders funds 146, 530 8% debentures 53,470 200,000 Additional information Market price per equity shares as at 31st December 2008was 75 pesewas. (Note 100 pesewas = GH1). You are required to calculate all the financial ratios under each category and explain each of them Hit: Profitability ratios, Liquidity ratios, Efficiency ratios,Leverage ratios, Investment

The objective of this question is to calculate and explain the various financial ratios for My Love…

Answered: My Love and Girl Ltd is an agro…

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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My Love and Girl Ltd is an agro processing company at Kpando. The companys published financial statements for the year ended 31st December 2008 are as follows: Income statement for the year ended 31st December 2008 GH Revenue 90, 336 Cost of Sales 70,002 Gross Profit 20, 334 Selling, general and administration expenses 4, 520 Profit before tax 15,814 Taxation 3,734 Profit after tax 12,080 Income surplus Balance at 1/01/08 5, 200 Profit for the year 12,080 17,280 Dividends: Equity 7, 600 7% preference 3, 150 Balance as at 31/12/08 6,530 Balance sheet as at 31st December 2008 Non - current assets GH Property plant and Equipment 183, 250 Net current assets 16,750 200,000 Financed by: Stated Capital: Equity shares (issued at 50 pesewas per share) 95,000 75% preference shares ( issued at 25 pesewas per share) 45,000 Income surplus 6, 530 Shareholders funds 146, 530 8% debentures 53, 470 200,000 Additional information Market price per equity shares as at 31st December 2008 was 75 pesewas.…
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Can you help me with #14-#16?

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