Solution-Calculate the current ratio-quick ratio and debt

Calculate the current ratio-quick ratio and debt ratio

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Reference no: EM13890451

Calculate the Current Ratio, Quick Ratio, Debt Ratio, Net and Gross Profit Margin, Collection Ratio, Inventory Ratio, Return on Investment and Return on Asset.

Statements of comprehensive income for the year ended 30 June 2014

Company				GROUP
2014 Rm's	2013 Rm's		Note	2014 Rm's	2013 Rm's
724	165	continuing operations revenue	3	2961	2307
		Turnover	3	2714	2047
		Cost of sales	4	(1 657)	-1241
		Gross profit		1057	806
		Other operating income		245	241
700	155	Dividend income from subsidiaries Management fees
4	4	Expenses
-3	-3	Operating expenses		-560	-451
-	27	Impairment reversal of investments and loans Profit on sale of property, plant and equipment		9	15
701	183	Trading profit	5	751	611
20	6	Finance revenue	7	11	26
-1	-	Finance cost	8	-20	-17
		Income from associates - after tax	14.2	29	11
720	189	profit before taxation from continuing operations		771	631
-2	-1	Taxation	9	-227	-168
718	188	profit for the year from continuing operations		544	463
		Discontinued operations
		(Loss)/profit after taxation for the year from discontinued operations	35	-20	1
718	188	profit for the year		524	464
		other comprehensive income, net of taxation: Items that will be reclassified subsequently to profit or loss:
		Currency translation		12	13
718	188	Total comprehensive income for the year, net of taxation		536	477
		Profit attributable to:
		Equity holders of the parent Non-controlling interests		509	444
		Total comprehensive income attributable to:		15	20
		Equity holders of the parent		521	457
		Non-controlling interests		15	20
178	188			536	477
		Earnings per share: (all figures in cents)
		Earnings per share	10	55,3	48,3
		Headline earnings per share	11	57,6	47,4
		Diluted earnings per share	10	54,7	48,2
		Diluted headline earnings per share	11	57,1	47,3
		Earnings per share from continuing operations:
		(all figures in cents)
		Earnings per share	10	57,4	48,2
		Headline earnings per share	11	58,7	47,3
		Diluted earnings per share	10	56,9	48,1
		Diluted headline earnings per share	11	58,1	47,2

company 2014	2013			Group 2014	2013
rm's	Rm's		Note	rm's	Rm's
		assets
287	330	non-current assets		1 856	1 850
		Property, plant and equipment	13	1 296	1 246
166	146	Investments	14.1	-	4
		Investment in associates	14.2	522	553
121	184	Long-term assets	15	14	24
		Goodwill	16	6	6
		Deferred taxation	17	18	17
555	467	current assets		857	777
		Inventories	18	408	335
555	467	Trade and other receivables	19	169	121
#	#	Cash and cash equivalents	20	249	303
#	#	Taxation	27	31	18
		Assets classified as held for sale	35	-	26
842	797	Total assets		2 713	2 653
		Equity and liabilities
840	795	Equity attributable to equity holders of the parent		2 179	2 247
818	818	Stated capital	21	818	818
		Non-distributable reserve	22	102	93
		Treasury shares	21	(472)	(474)
56	40	Share schemes reserve	6	55	36
(34)	(63)	Retained earnings		1 676	1 774
		non-controlling interest		51	54
		reserves related to discontinued operations	35	-	2
840	795	Total equity		2 230	2 303
2	2	Total liabilities		483	350
		non-current liabilities		12	53
		Interest-bearing loans and borrowings	23	-	44
		Deferred taxation	17	12	9
2	2	current liabilities		471	297
2	2	Trade and other payables	24	261	252
		Provisions	25	43	43
		Interest-bearing loans and borrowings	23	165	-
		Taxation	27	2	2

842	797	Total equity and liabilities		2 713	2 653
		#Less than R1 million.

Attachment:- Italtile financial statement.rar

Reference no: EM13890451

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Calculate the current ratio-quick ratio and debt ratio

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