Answered: Adiminus Inc had sales of R15 million,…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 21E

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Question

Adiminus Inc had sales of R15 million, a net profit margin of 8%, total assets of R20 million, retained earnings for the year ended 31st December 2021 of R345 000 and paid out cash dividends of R300 000 to ordinary shareholders. The company had total equity of R8 million and 250,000 shares in issue. Calculate the firm’s:

a) EPS

b) Dividends per share

c) Market to book ratio, if each share of the firm sells for R95

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calculate the firms:

d) P/E ratio given the market price above

e) ROE,

f) Debt-equity ratio

g) Times Interest Earned Ratio, if interest and tax are 15% and 30% of sales respectively.

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