What is the gearing ratio for the year 2018? Use the information from IBM’s financial statements below Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Current assets R 48 116 000 R 48 935 000 R 49 004 000 Current liabilities R 40 562 000 R 36 002 000 R 42 435 000 Inventory R 2 450 000 R 2 494 000 R 2 701 000 Owners’ equity R56 455 000 R55 932 000 R53 657 000 Total liabilities R 90 405 000 R 86 385 000 R 96 058 000 Total assets R 113 452 000 R 109 022 000 R 109 524 000 Net income R 14 833 000 R 13 425 000 R 12 334 000 Net profit R 46 014 000 R 43 785 000 R 45 661 000 Sales R 99 870 000 R 95 758 000 R 103 630 000
What is the gearing ratio for the year 2018? Use the information from IBM’s financial statements below Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Current assets R 48 116 000 R 48 935 000 R 49 004 000 Current liabilities R 40 562 000 R 36 002 000 R 42 435 000 Inventory R 2 450 000 R 2 494 000 R 2 701 000 Owners’ equity R56 455 000 R55 932 000 R53 657 000 Total liabilities R 90 405 000 R 86 385 000 R 96 058 000 Total assets R 113 452 000 R 109 022 000 R 109 524 000 Net income R 14 833 000 R 13 425 000 R 12 334 000 Net profit R 46 014 000 R 43 785 000 R 45 661 000 Sales R 99 870 000 R 95 758 000 R 103 630 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
What is the gearing ratio for the year 2018?
Use the information from IBM’s financial statements below
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
|
|
Current assets |
R 48 116 000 |
R 48 935 000 |
R 49 004 000 |
|
Current liabilities |
R 40 562 000 |
R 36 002 000 |
R 42 435 000 |
|
Inventory |
R 2 450 000 |
R 2 494 000 |
R 2 701 000 |
|
Owners’ equity |
R56 455 000 |
R55 932 000 |
R53 657 000 |
|
Total liabilities |
R 90 405 000 |
R 86 385 000 |
R 96 058 000 |
|
Total assets |
R 113 452 000 |
R 109 022 000 |
R 109 524 000 |
|
Net income |
R 14 833 000 |
R 13 425 000 |
R 12 334 000 |
|
Net profit |
R 46 014 000 |
R 43 785 000 |
R 45 661 000 |
|
Sales |
R 99 870 000 |
R 95 758 000 |
R 103 630 000 |
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