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repare and Interpret a complete ratio analysis for the years 2019 & 2020 operations using the following ratios: Current Ratio Total Asset Turnover Debt Ratio Operating Profit Margin Net Profit Margin Return on Assets Return on Equity Inventory Turnover   Summarize your findings and make recommendations

repare and Interpret a complete ratio analysis for the years 2019 & 2020 operations using the following ratios: Current Ratio Total Asset Turnover Debt Ratio Operating Profit Margin Net Profit Margin Return on Assets Return on Equity Inventory Turnover   Summarize your findings and make recommendations

Fundamentals of Financial Management (MindTap Course List)
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 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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  1. Prepare and Interpret a complete ratio analysis for the years 2019 & 2020 operations using the following ratios:
    1. Current Ratio
    2. Total Asset Turnover
    3. Debt Ratio
    4. Operating Profit Margin
    5. Net Profit Margin
    6. Return on Assets
    7. Return on Equity
    8. Inventory Turnover

 

  1. Summarize your findings and make recommendations
TCD ANNUAL REPORT 2020 CONSOLIDATED INCOME STATEMENT (Thousands of Trinidad and Tobago Dollar, excopt eamings per share) Years ended December 31, Notes 2020 2019 Revenue 1,692,150 1,670,883 Cost of sales 5 (1,160.909) (1.204,872) Gross profit Operating expenses Impairment of trade accounts receivable 531,241 (241,895) 926 466,011 (243,397) 10 847 Operating earnings before other expenses, net Other expenses, net 290,272 223,461 (74.354) (73,202) Operating eamings Financial expense Financial income and other items, net 215,918 149,759 (97,204) (122,086) 62 7.1 72 666 Earnings before taxation Taxation charge 93,894 53,221 18 (78,675) (38,295) Net earnings from continuing operations Net eamings from discontinued operations 15,219 14,926 423 NET INCOME 15,219 15,349 Non-controlling interest 19.5 (39,398) (25.730) CONTROLLING INTEREST (24,179) (10,381) Basic and diluted loss per share 20 (0.0650) (0.0300) Basic and diluted loss per share from continuing operations 20 (0.0650) (0.0300) The accompanying notes are an integral part of these consolidated financial statements. in 2
Transcribed Image Text:TCD ANNUAL REPORT 2020 CONSOLIDATED INCOME STATEMENT (Thousands of Trinidad and Tobago Dollar, excopt eamings per share) Years ended December 31, Notes 2020 2019 Revenue 1,692,150 1,670,883 Cost of sales 5 (1,160.909) (1.204,872) Gross profit Operating expenses Impairment of trade accounts receivable 531,241 (241,895) 926 466,011 (243,397) 10 847 Operating earnings before other expenses, net Other expenses, net 290,272 223,461 (74.354) (73,202) Operating eamings Financial expense Financial income and other items, net 215,918 149,759 (97,204) (122,086) 62 7.1 72 666 Earnings before taxation Taxation charge 93,894 53,221 18 (78,675) (38,295) Net earnings from continuing operations Net eamings from discontinued operations 15,219 14,926 423 NET INCOME 15,219 15,349 Non-controlling interest 19.5 (39,398) (25.730) CONTROLLING INTEREST (24,179) (10,381) Basic and diluted loss per share 20 (0.0650) (0.0300) Basic and diluted loss per share from continuing operations 20 (0.0650) (0.0300) The accompanying notes are an integral part of these consolidated financial statements. in 2
ANNUAL REPORT 2020 ANNUAL REPORT 2020 CONSOLIDATED STATEMENT OF CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED) FINANCIAL POSITION (Thousands of Trinidad and Tobago Dollans) (Thousands of Trinidad and Tobago Dollan) Years ended December 31, Years ended December 31, Notes 2020 2019 Notes 2020 2019 NON-CURRENT LIABILITIES Long-term debt Other financial obligations Employee benefits 211,756 21,431 242,863 201,890 15.1 865,182 20,524 ASSETS 15.2 CURRENT ASSETS 17 176,503 Cash and cash equivalents Trade accounts receivable, net Other accounts receivable 88,305 87,453 87,940 47,284 10 Deferred taxation liabilities 182 309,477 56,832 44,440 Other non-current liabilities 2389 680 129 11 16 2,774 Taxation recoverable 4451 5,871 Total non-current liabilities 1.374,460 Inventories, net 12 240452 251103 TOTAL LIABILITIES 1,665,968 1,907 300 Total current assets 434.40 481,651 SHAREHOLDERS' EQUITY Controlling interest: Stated capital Unallocated ESOP shares NON-CURRENT ASSETS Investments 13 1 827,732 (20,019) (305,320) 89,733 (24179) 827,732 (20,019) (291,938) 19.1 1,703,078 132,183 54,424 74 Property, machinery and equipment, net Deferred taxation assets 14 1826,491 19.2 18.2 251,394 Other equity reserves Retained earnings 19.3 Employee benefits Other accounts receivable 17 54,793 141,678 (10,381) 11 Net loss Total non-current assets 189.760 2132679 Total controlling interest Non-controlling interest 647,072 59.958 707 000 567,947 TOTAL ASSETS 2324240 2614330 195 90.325 LIABILITIES AND SHAREHOLDERS EQUITY TOTAL SHAREHOLDERS' EQUITY 658,272 CURRENT LIABILITIES TOTAL LIABILITIES AND SHAREHOLDERS'EQUITY 2.324.240 2614,10 Short-term debt 15.1 400,S87 7,151 18,000 6,421 Other financial obligations Trade payables Taxation payable Other current liabilities 15.2 240,192 247,507 29,093 4526 256 386 16 308.316 Total current liabilities 985639 532840
Transcribed Image Text:ANNUAL REPORT 2020 ANNUAL REPORT 2020 CONSOLIDATED STATEMENT OF CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED) FINANCIAL POSITION (Thousands of Trinidad and Tobago Dollans) (Thousands of Trinidad and Tobago Dollan) Years ended December 31, Years ended December 31, Notes 2020 2019 Notes 2020 2019 NON-CURRENT LIABILITIES Long-term debt Other financial obligations Employee benefits 211,756 21,431 242,863 201,890 15.1 865,182 20,524 ASSETS 15.2 CURRENT ASSETS 17 176,503 Cash and cash equivalents Trade accounts receivable, net Other accounts receivable 88,305 87,453 87,940 47,284 10 Deferred taxation liabilities 182 309,477 56,832 44,440 Other non-current liabilities 2389 680 129 11 16 2,774 Taxation recoverable 4451 5,871 Total non-current liabilities 1.374,460 Inventories, net 12 240452 251103 TOTAL LIABILITIES 1,665,968 1,907 300 Total current assets 434.40 481,651 SHAREHOLDERS' EQUITY Controlling interest: Stated capital Unallocated ESOP shares NON-CURRENT ASSETS Investments 13 1 827,732 (20,019) (305,320) 89,733 (24179) 827,732 (20,019) (291,938) 19.1 1,703,078 132,183 54,424 74 Property, machinery and equipment, net Deferred taxation assets 14 1826,491 19.2 18.2 251,394 Other equity reserves Retained earnings 19.3 Employee benefits Other accounts receivable 17 54,793 141,678 (10,381) 11 Net loss Total non-current assets 189.760 2132679 Total controlling interest Non-controlling interest 647,072 59.958 707 000 567,947 TOTAL ASSETS 2324240 2614330 195 90.325 LIABILITIES AND SHAREHOLDERS EQUITY TOTAL SHAREHOLDERS' EQUITY 658,272 CURRENT LIABILITIES TOTAL LIABILITIES AND SHAREHOLDERS'EQUITY 2.324.240 2614,10 Short-term debt 15.1 400,S87 7,151 18,000 6,421 Other financial obligations Trade payables Taxation payable Other current liabilities 15.2 240,192 247,507 29,093 4526 256 386 16 308.316 Total current liabilities 985639 532840
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