Please assist Return on average owner's equity (2018 =40%; industry average= 45%)Round to two decimal places. 19Statement of financial position of Bryanston Traders on 28 February 201920182019Assets1 650 0001 800 000Non-current assets1 500 0001 700 000Property plant and equipment100 000150 000Financial assetsCurrent assets6400070 000Trading inventories30 00033 000Trade receivables21 00019 000Cash and cash equivalents13 00018 000Total assets1714 0001870 000Owner's equity and liabilitiesOwner's equity996 000633 500Non-current liabilities700 0001 200 000Mortgage loan700 0001 200 000Current liabilities18 00036 500Trade creditors18 00036 500Total equity and liabilities1714 0001 870 000Additional information:No capital contributions were made during the year.Assume a 365 day year.60% of sales are on credit.Purchases constitute 70% of cost of sales.60% of all purchases are on credit.Required:Calculate the following ratios for the year ended 28 February 2019 and comment onthe business's profitability and liquidity. Refer, in particular to the past figuresshown. Show all formulas and working as marks will be awarded to these.●●● You are provided with the following information that relates to Bryanston Tradersfor the year ended 28 February 2019.Statement of comprehensive income of Bryanston Traders for the year ended28 February 2019.2019RSales800 000Cost of sales(350 000)Gross profit450 000Add: Other operating income12 000Services renderedGross operating income462 000Less: Operating expenses(98 500)Rent expenseRates and servicesInternet expenseWages and salariesSecurity expenseInsurance expenseTelephoneCredit lossesDepreciationOperating profitAdd: Interest incomeProfit before interest expenseLess: Interest expenseNet profit for the yearQ.1.312 00020 00015 00015 00020 0005 0000003 00050010 00010363 5008 000371 500(9 000)362 500

Return on Equity measures the profitability of equity funds invested in the firm. This ratio…

Answered: Please assist Return on average owner's…

Business

Accounting

Please assist Return on average owner's equity (2018 =40%; industry average = 45%) Round to two decimal places.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets    241.220    185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets    430.200    362.640 Total Liabilities and Shareholders' Equity Payables 83.240         57.48 Current Debt 2.700           2.64 Total Current Liabilities       85.940      60.120 Long-Term Debt 122.000      119.62 Other Liabilities 21.880         22.58 Total Liabilities    229.820    202.320 Common Stock 200.380      160.32 Total Equity       200.38      160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M)       488.10…
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