Calculate the following ratios all are required 1-Receivables Turnover 2-Inventory Turnover 3-Payables Turnover 4-Debt-Equity Ratio 5-Debt Ratio Balance sheet Group Parent Company 31 December 2018 31 March 2018 31 December 2018 31 March 2018 Notes RO RO RO RO ASSETS Non-current Property, plant and equipment 5 6,406,433 7,113,759 3,683,610 4,182,275 Investment in subsidiaries - - 515,750 515,750 Fixed deposit 9.1 1,048,399 - 1,048,399 - Deferred tax assets 27 675,393 537,722 727,632 602,078 Non-current assets 8,130,225 7,651,481 5,975,391 5,300,103 Current Inventories 6 4,481,209 3,832,010 4,450,529 3,651,720 Trade and other receivables 7 3,771,104 3,502,574 3,244,883 2,758,158 Due from related parties 18 - - 351,897 2,439,914 Financial assets at fair value through profit or loss 8 187,604 193,088 187,604 193,088 Fixed deposit 9.1 - 1,025,000 - 1,025,000 Cash and bank balances 9 908,878 1,193,601 901,098 1,173,652 Current assets 9,348,795 9,746,273 9,136,011 11,241,532 Total assets 17,479,020 17,397,754 15,111,402 16,541,635 EQUITY AND LIABILITIES Equity Share capital 10 12,500,000 12,500,000 12,500,000 12,500,000 Legal reserve 11 3,480,985 3,480,985 3,314,319 3,314,319 Capital reserve 12 29,269 29,269 29,269 29,269 Retained earnings (2,024,793) (1,340,564) (3,838,147) (3,239,839) Total equity 13,985,461 14,669,690 12,005,441 12,603,749 LIABILITIES Non-current Term loans 13 684,360 861,368 34,387 61,393 Employees' end of service benefits 14 101,855 132,220 90,330 123,072 Non-current liabilities 786,215 993,588 124,717 184,465 Current Term loans 13 234,682 234,682 34,678 34,678 Short term loan 15 1,500,000 - 1,500,000 - Trade and other payables 16 969,718 1,478,341 883,279 1,177,208 Income tax payable 2,944 21,453 - - Due to related parties 18 - - 563,287 2,541,535 Current liabilities 2,707,344 1,734,476 2,981,244 3,753,421 Total liabilities 3,493,559 2,728,064 3,105,961 3,937,886 Total equity and liabilities 17,479,020 17,397,754 15,111,402 16,541,635 Income statment Group Parent Company Period from 1 Period from Period from 1 Period from April 2018 to 1 April 2017 April 2018 to 1 April 2017 31 December to 31 March 31 December to 31 March 2018 2018 2018 2018 Notes RO RO RO RO Revenue 19 14,580,554 23,759,287 13,502,536 21,183,600 Direct costs 21 (12,665,192) (19,914,768) (12,137,274) (18,244,219) Gross profit 1,915,362 3,844,519 1,365,262 2,939,381 Administration and general expenses 22 (1,957,272) (2,583,579) (1,554,571) (2,138,154) Selling and distribution expenses 23 (924,445) (1,350,347) (994,766) (1,456,472) Loss on disposal of property, plant and equipment 5 - (90,988) - (90,988) Loss on investment – net 24 (4,375) (13,927) (4,375) (13,927) Other income 20 209,349 375,285 483,187 765,957 Finance income 25 26,606 65,746 26,606 65,746 Operating (loss)/profit (734,775) 246,709 (678,657) 71,543 Finance costs 25 (80,489) (100,314) (36,276) (29,665) (Loss)/profit before tax (815,264) 146,395 (714,933) 41,878 Tax income/(expense) 27 139,964 (30,324) 125,554 (22,960) (Loss)/profit for the period/year (675,300) 116,071 (589,379) 18,918 Other comprehensive income for the period/year - - - - Total comprehensive (loss)/income for the period/year (675,300) 116,071 (589,379) 18,918

Calculate the following ratios all are required 1-Receivables Turnover 2-Inventory Turnover 3-Payables Turnover 4-Debt-Equity Ratio 5-Debt Ratio Balance sheet Group Parent Company 31 December 2018 31 March 2018 31 December 2018 31 March 2018 Notes RO RO RO RO ASSETS Non-current Property, plant and equipment 5 6,406,433 7,113,759 3,683,610 4,182,275 Investment in subsidiaries - - 515,750 515,750 Fixed deposit 9.1 1,048,399 - 1,048,399 - Deferred tax assets 27 675,393 537,722 727,632 602,078 Non-current assets 8,130,225 7,651,481 5,975,391 5,300,103 Current Inventories 6 4,481,209 3,832,010 4,450,529 3,651,720 Trade and other receivables 7 3,771,104 3,502,574 3,244,883 2,758,158 Due from related parties 18 - - 351,897 2,439,914 Financial assets at fair value through profit or loss 8 187,604 193,088 187,604 193,088 Fixed deposit 9.1 - 1,025,000 - 1,025,000 Cash and bank balances 9 908,878 1,193,601 901,098 1,173,652 Current assets 9,348,795 9,746,273 9,136,011 11,241,532 Total assets 17,479,020 17,397,754 15,111,402 16,541,635 EQUITY AND LIABILITIES Equity Share capital 10 12,500,000 12,500,000 12,500,000 12,500,000 Legal reserve 11 3,480,985 3,480,985 3,314,319 3,314,319 Capital reserve 12 29,269 29,269 29,269 29,269 Retained earnings (2,024,793) (1,340,564) (3,838,147) (3,239,839) Total equity 13,985,461 14,669,690 12,005,441 12,603,749 LIABILITIES Non-current Term loans 13 684,360 861,368 34,387 61,393 Employees' end of service benefits 14 101,855 132,220 90,330 123,072 Non-current liabilities 786,215 993,588 124,717 184,465 Current Term loans 13 234,682 234,682 34,678 34,678 Short term loan 15 1,500,000 - 1,500,000 - Trade and other payables 16 969,718 1,478,341 883,279 1,177,208 Income tax payable 2,944 21,453 - - Due to related parties 18 - - 563,287 2,541,535 Current liabilities 2,707,344 1,734,476 2,981,244 3,753,421 Total liabilities 3,493,559 2,728,064 3,105,961 3,937,886 Total equity and liabilities 17,479,020 17,397,754 15,111,402 16,541,635 Income statment Group Parent Company Period from 1 Period from Period from 1 Period from April 2018 to 1 April 2017 April 2018 to 1 April 2017 31 December to 31 March 31 December to 31 March 2018 2018 2018 2018 Notes RO RO RO RO Revenue 19 14,580,554 23,759,287 13,502,536 21,183,600 Direct costs 21 (12,665,192) (19,914,768) (12,137,274) (18,244,219) Gross profit 1,915,362 3,844,519 1,365,262 2,939,381 Administration and general expenses 22 (1,957,272) (2,583,579) (1,554,571) (2,138,154) Selling and distribution expenses 23 (924,445) (1,350,347) (994,766) (1,456,472) Loss on disposal of property, plant and equipment 5 - (90,988) - (90,988) Loss on investment – net 24 (4,375) (13,927) (4,375) (13,927) Other income 20 209,349 375,285 483,187 765,957 Finance income 25 26,606 65,746 26,606 65,746 Operating (loss)/profit (734,775) 246,709 (678,657) 71,543 Finance costs 25 (80,489) (100,314) (36,276) (29,665) (Loss)/profit before tax (815,264) 146,395 (714,933) 41,878 Tax income/(expense) 27 139,964 (30,324) 125,554 (22,960) (Loss)/profit for the period/year (675,300) 116,071 (589,379) 18,918 Other comprehensive income for the period/year - - - - Total comprehensive (loss)/income for the period/year (675,300) 116,071 (589,379) 18,918

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 11P: RATIO CALCULATIONS Assume the following relationships for the Caulder Corp.: Sales/Total assets 1.3...

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Question

Calculate the following ratios all are required

1-Receivables Turnover

2-Inventory Turnover

3-Payables Turnover

4-Debt-Equity Ratio

5-Debt Ratio

Balance sheet

		Group		Parent Company
		31 December 2018	31 March 2018	31 December 2018	31 March 2018
	Notes	RO	RO	RO	RO
ASSETS
Non-current
Property, plant and equipment	5	6,406,433	7,113,759	3,683,610	4,182,275
Investment in subsidiaries		-	-	515,750	515,750
Fixed deposit	9.1	1,048,399	-	1,048,399	-
Deferred tax assets	27	675,393	537,722	727,632	602,078
Non-current assets		8,130,225	7,651,481	5,975,391	5,300,103
Current
Inventories	6	4,481,209	3,832,010	4,450,529	3,651,720
Trade and other receivables	7	3,771,104	3,502,574	3,244,883	2,758,158
Due from related parties	18	-	-	351,897	2,439,914
Financial assets at fair value through profit or loss	8	187,604	193,088	187,604	193,088
Fixed deposit	9.1	-	1,025,000	-	1,025,000
Cash and bank balances	9	908,878	1,193,601	901,098	1,173,652
Current assets		9,348,795	9,746,273	9,136,011	11,241,532
Total assets		17,479,020	17,397,754	15,111,402	16,541,635
EQUITY AND LIABILITIES
Equity
Share capital	10	12,500,000	12,500,000	12,500,000	12,500,000
Legal reserve	11	3,480,985	3,480,985	3,314,319	3,314,319
Capital reserve	12	29,269	29,269	29,269	29,269
Retained earnings		(2,024,793)	(1,340,564)	(3,838,147)	(3,239,839)
Total equity		13,985,461	14,669,690	12,005,441	12,603,749
LIABILITIES
Non-current
Term loans	13	684,360	861,368	34,387	61,393
Employees' end of service benefits	14	101,855	132,220	90,330	123,072
Non-current liabilities		786,215	993,588	124,717	184,465
Current
Term loans	13	234,682	234,682	34,678	34,678
Short term loan	15	1,500,000	-	1,500,000	-
Trade and other payables	16	969,718	1,478,341	883,279	1,177,208
Income tax payable		2,944	21,453	-	-
Due to related parties	18	-	-	563,287	2,541,535
Current liabilities		2,707,344	1,734,476	2,981,244	3,753,421
Total liabilities		3,493,559	2,728,064	3,105,961	3,937,886
Total equity and liabilities		17,479,020	17,397,754	15,111,402	16,541,635

Income statment

			Group		Parent Company
		Period from 1		Period from		Period from 1	Period from
		April 2018 to		1 April 2017		April 2018 to	1 April 2017
		31 December		to 31 March		31 December	to 31 March
		2018		2018		2018	2018
	Notes	RO		RO		RO	RO
Revenue	19	14,580,554	23,759,287		13,502,536	21,183,600
Direct costs	21	(12,665,192)	(19,914,768)		(12,137,274)	(18,244,219)
Gross profit		1,915,362	3,844,519		1,365,262	2,939,381
Administration and general expenses	22	(1,957,272)	(2,583,579)		(1,554,571)	(2,138,154)
Selling and distribution expenses	23	(924,445)	(1,350,347)		(994,766)	(1,456,472)
Loss on disposal of property, plant and
equipment	5	-		(90,988)		-	(90,988)
Loss on investment – net	24	(4,375)	(13,927)		(4,375)	(13,927)
Other income	20	209,349	375,285		483,187	765,957
Finance income	25	26,606	65,746		26,606	65,746
Operating (loss)/profit		(734,775)	246,709		(678,657)	71,543
Finance costs	25	(80,489)	(100,314)		(36,276)	(29,665)
(Loss)/profit before tax		(815,264)	146,395		(714,933)	41,878
Tax income/(expense)	27	139,964	(30,324)		125,554	(22,960)
(Loss)/profit for the period/year		(675,300)	116,071		(589,379)	18,918
Other comprehensive income for the
period/year		-		-		-	-
Total comprehensive (loss)/income
for the period/year		(675,300)	116,071		(589,379)	18,918

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