The following balances/data was extracted from the accounting records of Benta Ltd on 28 February 2020, the end of their financial year: R Share capital (900 000 shares at R2 par value) 1 800 000 Retained income 160 000 Non Current Assets 1 750 000 Inventories 220 000 Receivables 600 000 Cash/Bank 300 000 Payables 730 000 Loans at 15% p.a. 180 000 Net profit after tax 765 000 Market price of share 270 Dividends per share 65
The following balances/data was extracted from the accounting records of Benta Ltd on 28 February 2020, the end of their financial year: R Share capital (900 000 shares at R2 par value) 1 800 000 Retained income 160 000 Non Current Assets 1 750 000 Inventories 220 000 Receivables 600 000 Cash/Bank 300 000 Payables 730 000 Loans at 15% p.a. 180 000 Net profit after tax 765 000 Market price of share 270 Dividends per share 65
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Calculate the market to book ratio ,debt equity ratio and retained income for the year.
do not use excel please. show your working
![The following balances/data was extracted from the accounting records of Benta Ltd on 28 February
2020, the end of their financial year:
R
Share capital (900 000 shares at R2 par value)
1 800 000
Retained income
160 000
Non Current Assets
1 750 000
Inventories
220 000
Receivables
600 000
Cash/Bank
300 000
Payables
730 000
Loans at 15% p.a.
180 000
Net profit after tax
765 000
Market price of share
270
Dividends per share
65](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feb966736-3254-428e-9a05-13e9b89d797b%2Fba7aa86d-cba2-418e-962b-cb841ec41134%2Fxefyqop_processed.png&w=3840&q=75)
Transcribed Image Text:The following balances/data was extracted from the accounting records of Benta Ltd on 28 February
2020, the end of their financial year:
R
Share capital (900 000 shares at R2 par value)
1 800 000
Retained income
160 000
Non Current Assets
1 750 000
Inventories
220 000
Receivables
600 000
Cash/Bank
300 000
Payables
730 000
Loans at 15% p.a.
180 000
Net profit after tax
765 000
Market price of share
270
Dividends per share
65
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education