Calculation of Fin. Ratios - Answers (1)
Autor: Abdullah Al-hamili • December 19, 2016 • Exam • 875 Words (4 Pages) • 702 Views
SAMPLE CALCULATION OF FINANCIAL RATIOS
Items | 2012 (‘000 $) |
Fixed assets: | |
Plant and equipment | 400 |
Less: depreciation | (150) |
Net fixed assets | 250 |
Current assets: | |
Stocks | 100 |
Trade debtors | 140 |
Cash and bank balances | 10 |
Total | 250 |
Current liabilities: | |
Trade creditors | 75 |
Short-term borrowing | 50 |
Total | 125 |
Net current assets | 125 |
Total | 375 |
Capital employed: | |
Share capital | 100 |
Un-appropriated profits | 75 |
Shareholders’ funds | 175 |
Long-term liabilities | 200 |
Total | 375 |
Items | 2012 ($) |
Sales | 1000 000 |
Less: cost of sales | 600 000 |
Gross profit | 400 000 |
Less: operating expenses | 200 000 |
Operating profit | 200 000 |
Less: interest | 20 000 |
Profit before taxation | 180 000 |
Less: taxation | 90 000 |
Profit after taxation | 90 000 |
Less: dividends | 40 000 |
Retained profit for the year | 50 000 |
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