Rmit - Acct 2060 Introductory Accounting Assignment

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ACCT 2060 Introductory Accounting Assignment - Semester 1, 2012 Part A Question 1 In the course of the financial year, Blackmores’ principal operating activities focused on the development and marketing of natural health products such as vitamins, herbal and mineral nutritional supplements. They sell and have operations in the natural health and dietary market throughout Australia, New Zealand and Asia region. (Reference: Blackmores’ Annual Report 2011, Pg. 37) Question 2 Mr Marcus C. Blackmore AM is the Chairman of Blackmores’ Group. (Reference: Blackmores’ Annual Report 2011, Pg. 35) He held 4,479,278 fully-paid ordinary shares in the company at the end of their 2011 financial year. (Reference: Blackmores’ Annual Report 2011, Pg.…show more content…
53) iii. Gearing ratio: For the year 2010: Gearing ratio = Non-current liabilities / (Share capital + reserves + retained earnings + non-current liabilities) x 100% = $48,102,000 / ($25,348,000 + $2,470,000 + $43,972,000 + $48,102,000) x 100% = 40.1% For the year 2011: Gearing ratio = Non-current liabilities / (Share capital + reserves + retained earnings + non-current liabilities) x 100% = $40,797,000 / ($25,348,000 + $1,594,000 + $52,170,000 + $40,797,000) x 100% = 34.0% (Reference: Blackmores’ Annual Report 2011, Pg. 53) iv. Interest cover ratio: For the year 2010: Interest cover ratio =

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