Question 2.5 As a shareholder would you still be satisfied with the profitability of the company?, please explain
Question 2.5 As a shareholder would you still be satisfied with the profitability of the company?, please explain
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 2.5
As a shareholder would you still be satisfied with the profitability of the company?, please explain
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
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INFORMATION
SATNER LIMITED
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021
Sales
1574 800
Cost of sales
(812 600)
Gross profit
762 200
Operating expenses
(420 680)
Operating profit
341 520
Interest expense
(56 820)
Profit before tax
284 700
Company tax
(85 410)
Net profit after tax
199 290
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STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER
2021
Assets
R
Non-current assets
783 000
Current assets:
606 600
Inventories
203 000
Accounts receivable
277 800
Cash and cash equivalents
125 800
Total assets
1 389 600
Equity and liabilities
Shareholders' equity
628 900
Non-current liabilities (15%)
378 800
Current liabilities
381 900
Accounts payable
100 800
Other current liabilities
281 100
Total equity and liabilities
1 389 600
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ENG
W
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