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Explain and calculate debt-equity ratio

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Reference no: EM132692456

Assets

Noncurrent assets 4 626 000

Tangible assets 4 326 000

Financial assets 300 000

Current assets 1 857 000

Inventories (all trading stock) 1 640 000

Trade and other receivables (all trade debtors) 110 000

Cash and cash equivalents 107000

Total assets 6 483 000

Equity and liabilities

Ordinary shareholders' equity 3 698 000

Ordinary share capital (R2.00 per share) 2 485 000

Retained income 1 213 000

Noncurrent liabilities 1 980 000

Mortgage loan: UCT bank (15% p.a.) 1 980 000

Current liabilities 805 000

Trade and other payables (all trade creditors) 705 000

SARS (income tax) 32 000

Current portion of loan 68 000

Total equity and liabilities 6 483 000

Problem 1: Explain and calculate Debt-equity ratio

Reference no: EM132692456

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