Calculate all from 1 to 16 the following ratios 1-Current Ratio2-Quick Ratio3-Cash Ratio4-Receivables Turnover5-Inventory Turnover6-Payables Turnover7-Debt-Equity Ratio8-Debt Ratio9-Total Asset Turnover10-Fixed Asset Turnover11-Equity Turnover12-Gross Profit Margin13-Operating Profit Margin14-Net Profit Margin15-ROA16- ROEBalance sheet Group Parent Company 31 December31 December 31 December 31 December 20192018 2019 2018 NotesRORO RO RO ASSETS Non-current Property, plant and equipment56,383,3896,406,4333,832,861 3,683,610 Right-of-use assets5339,729- 297,844 - Investment in subsidiaries -- 515,750 515,750 Investment in associate867,500- 67,500 - Fixed deposits12.1-1,048,399- 1,048,399 Finance lease receivables7-- 329,603 - Deferred tax assets30769,632675,393823,567 727,632 Non-current assets 7,560,2508,130,2255,867,125 5,975,391 Current Inventories93,678,6554,481,209 3,675,839 4,450,529 Current portion of lease receivables7-- 14,762 - Trade and other receivables102,633,2633,771,104 2,203,431 3,244,883 Due from related parties21-- 538,358 351,897 Financial assets classified as FVTPL1178,687187,604 78,687 187,604 Fixed deposit12.11,048,399- 1,048,399 - Cash and cash equivalents12165,213908,878 43,948 901,098 Current assets 7,604,2179,348,795 7,603,424 9,136,011 Total assets 15,164,46717,479,020 13,470,549 15,111,402 EQUITY AND LIABILITIES Equity Share capital1312,500,00012,500,00012,500,000 12,500,000 Legal reserve143,480,9853,480,9853,314,319 3,314,319 Capital reserve1529,26929,26929,269 29,269 Accumulated losses (5,657,022)(2,024,793)(7,203,581) (3,838,147) Total equity 10,353,23213,985,4618,640,007 12,005,441 LIABILITIES Non-current Term loans16826,590684,360376,621 34,387 Lease liabilities6298,245- 298,245 - End of service benefits17108,070101,85579,569 90,330 Non-current liabilities 1,232,905786,215754,435 124,717 Current Term loans16250,080234,68250,076 34,678 Lease liabilities644,260- 44,260 - Short term loans181,664,2421,500,0001,664,242 1,500,000 Trade and other payables191,609,499969,7181,535,560 883,279 Income tax payable3010,2492,944- - Due to related parties21-- 781,969 563,287 Current liabilities 3,578,3302,707,3444,076,107 2,981,244 Total liabilities 4,811,2353,493,5594,830,542 3,105,961 Total equity and liabilities 15,164,46717,479,02013,470,549 15,111,402 Income Statement GroupParent Company Period from Period from Year ended1 April 2018 toYear ended1 April 2018 to 31 December31 December31 December31 December 2019201820192018 Notes RORORORORevenue22 14,900,46314,580,55414,207,10013,502,536Direct costs24 (13,670,282)(12,664,707)(13,707,877)(11,456,228)Gross profit 1,230,1811,915,847499,2232,046,308General and administration25 (2,875,334)(1,901,640)(2,443,108)(1,554,571)expenses Selling and distribution expenses Profit on disposal of vehicles Loss on investment classified as FVTPL – net 26(2,109,355)(980,562)(2,161,563)(1,675,812) 89,578-89,578-27(32,585)(4,375)(32,585)(4,375) Other income2397,876209,349632,552483,187 Finance income2837,16426,60660,88626,606 Operating loss (3,562,475)(734,775)(3,355,017)(678,657) Finance costs28(154,196)(80,489)(106,352)(36,276) Loss before tax (3,716,671)(815,264)(3,461,369)(714,933) Tax income - net3084,442139,96495,935125,554 Loss for the year/period (3,632,229)(675,300)(3,365,434)(589,379) Other comprehensive income for the year/period ----

“Since you have posted multiple questions with multiple sub parts, we will provide the solution only…

-Current Ratio 2-Quick Ratio 3-Cash Ratio 4-Receivables Turnover 5-Inventory Turnover 6-Payables Turnover 7-Debt-Equity Ratio 8-Debt Ratio 9-Total Asset Turnover 10-Fixed Asset Turnover 11-Equity Turnover 12-Gross Profit Margin 13-Operating Profit Margin 14-Net Profit Margin 15-ROA 16- ROE Balance sheet Group Parent Company 31 December 31 December 31 December 31 December 2019 2018 2019 2018 Notes RO RO RO RO ASSETS Non-current Property, plant and equipment 5 6,383,389 6,406,433 3,832,861 3,683,610 Right-of-use assets 5 339,729 - 297,844 - Investment in subsidiaries - - 515,750 515,750 Investment in associate 8 67,500 - 67,500 - Fixed deposits 12.1 - 1,048,399 - 1,048,399 Finance lease receivables 7 - - 329,603 - Deferred tax assets 30 769,632 675,393 823,567 727,632 Non-current assets 7,560,250 8,130,225 5,867,125 5,975,391 Current Inventories 9 3,678,655 4,481,209 3,675,839 4,450,529 Current portion of lease receivables 7 - - 14,762 - Trade and other receivables 10 2,633,263 3,771,104 2,203,

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 87BPSB

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Question

Calculate all from 1 to 16 the following ratios

1-Current Ratio

2-Quick Ratio

3-Cash Ratio

4-Receivables Turnover

5-Inventory Turnover

6-Payables Turnover

7-Debt-Equity Ratio

8-Debt Ratio

9-Total Asset Turnover

10-Fixed Asset Turnover

11-Equity Turnover

12-Gross Profit Margin

13-Operating Profit Margin

14-Net Profit Margin

15-ROA

16- ROE

Balance sheet

		Group		Parent Company
		31 December	31 December		31 December		31 December
		2019	2018		2019		2018
	Notes	RO	RO		RO		RO
ASSETS
Non-current
Property, plant and equipment	5	6,383,389	6,406,433	3,832,861		3,683,610
Right-of-use assets	5	339,729	-		297,844		-
Investment in subsidiaries		-	-		515,750		515,750
Investment in associate	8	67,500	-		67,500		-
Fixed deposits	12.1	-	1,048,399	-		1,048,399
Finance lease receivables	7	-	-		329,603		-
Deferred tax assets	30	769,632	675,393	823,567		727,632
Non-current assets		7,560,250	8,130,225	5,867,125		5,975,391
Current
Inventories	9	3,678,655	4,481,209		3,675,839		4,450,529
Current portion of lease receivables	7	-	-		14,762		-
Trade and other receivables	10	2,633,263	3,771,104		2,203,431		3,244,883
Due from related parties	21	-	-		538,358		351,897
Financial assets classified as FVTPL	11	78,687	187,604		78,687		187,604

Fixed deposit	12.1	1,048,399	-		1,048,399		-
Cash and cash equivalents	12	165,213	908,878		43,948		901,098
Current assets		7,604,217	9,348,795		7,603,424		9,136,011
Total assets		15,164,467	17,479,020		13,470,549		15,111,402
EQUITY AND LIABILITIES
Equity
Share capital	13	12,500,000	12,500,000	12,500,000		12,500,000

Legal reserve	14	3,480,985	3,480,985	3,314,319		3,314,319

Capital reserve	15	29,269	29,269	29,269		29,269

Accumulated losses		(5,657,022)	(2,024,793)	(7,203,581)		(3,838,147)

Total equity		10,353,232	13,985,461	8,640,007		12,005,441
LIABILITIES
Non-current
Term loans	16	826,590	684,360	376,621		34,387
Lease liabilities	6	298,245	-		298,245		-
End of service benefits	17	108,070	101,855	79,569		90,330
Non-current liabilities		1,232,905	786,215	754,435		124,717
Current
Term loans	16	250,080	234,682	50,076		34,678
Lease liabilities	6	44,260	-		44,260		-
Short term loans	18	1,664,242	1,500,000	1,664,242		1,500,000
Trade and other payables	19	1,609,499	969,718	1,535,560		883,279
Income tax payable	30	10,249	2,944	-		-
Due to related parties	21	-	-		781,969		563,287
Current liabilities		3,578,330	2,707,344	4,076,107		2,981,244
Total liabilities		4,811,235	3,493,559	4,830,542		3,105,961
Total equity and liabilities		15,164,467	17,479,020	13,470,549		15,111,402

Income Statement

		Group	Parent Company
			Period from		Period from
		Year ended	1 April 2018 to	Year ended	1 April 2018 to
		31 December	31 December	31 December	31 December
		2019	2018	2019	2018
	Notes	RO	RO	RO	RO
Revenue	22	14,900,463	14,580,554	14,207,100	13,502,536
Direct costs	24	(13,670,282)	(12,664,707)	(13,707,877)	(11,456,228)
Gross profit		1,230,181	1,915,847	499,223	2,046,308
General and administration	25	(2,875,334)	(1,901,640)	(2,443,108)	(1,554,571)
expenses

Selling and distribution expenses Profit on disposal of vehicles

Loss on investment classified as FVTPL – net

26	(2,109,355)	(980,562)	(2,161,563)	(1,675,812)
	89,578	-	89,578	-
27	(32,585)	(4,375)	(32,585)	(4,375)

Other income	23	97,876	209,349	632,552	483,187
Finance income	28	37,164	26,606	60,886	26,606
Operating loss		(3,562,475)	(734,775)	(3,355,017)	(678,657)
Finance costs	28	(154,196)	(80,489)	(106,352)	(36,276)
Loss before tax		(3,716,671)	(815,264)	(3,461,369)	(714,933)
Tax income - net	30	84,442	139,964	95,935	125,554
Loss for the year/period		(3,632,229)	(675,300)	(3,365,434)	(589,379)
Other comprehensive income for
the year/period		-	-	-	-

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