Extractions of the summarized statement of comprehensive income and statement of changes in Equity for the year ended 31.03.2015 of Ruba PLC are as follows; Income Statement Rs. (‘000) Sales 20,500.00 Cost of sales -14,000.00 Gross Profit 6,500.00 Other income (Fized deposit interest) 75 Operating expenses -3,500.00 Other expenses (Computer disposal) -50 Financial Expenses (Loan interest) -760 Profit before tax 2,265.00 Income tax -1,200.00 Profit for the period 1,065.00 Statement of changes in Equity Rs.(‘000) Balance as at 01.04.2015 540 Total comprehensive income 1,065.00 Dividends -605 Balance of retained earnings as at 31.03.2015 1,000.00 Additional information 1.       Carrying amount of computer disposed on 01.04.2015 was Rs. 120,000.00 2.       The depreciation of Rs. 300,000.00 was included in operating expenses 3.       Following balances were extracted from the statement of financial position Rs. (‘000) 2015.03.31 2014.03.31 Ordinary share capital 15,500.00 15,000.00 Preference share capital 10,000.00 10,000.00 Property, Plant and equipment 7,700.00 8,000.00 Cash and cash equivalents 1,440.00 300 Loan interest receivable 40 50 Other current assests 3,200.00 2,900.00 Provision of income tax 150 100 Proposed dividends 200 250 Accrued loan interest 120 60 Trade Payables/Creditors 860 750 4.       Rs.120,000.00 worth of a photocopy machine was purchased during the period but it was not revealed under property plant and equipment during the year 5.       Note that other current assets include stocks worth 1000 and debtors/trade receivables worth 2200 as at 31.03.2015 and stocks worth 1500 and debtors/trade receivables worth 1400 as at 31.03.2014 Requirement Prepare Cash flow statement of Ruba PLC. Find the cash balance for the year ended by using relevant accounting formats.

Incomplete statements and ratio analysis of Velaphi Mjongeni Pty Limited are given below:Velaphi Mjongeni Pty LimitedStatement of profit or loss for the year ended 31 December 2023 RSales2 700 000Cost of sales?Gross profit?Operating expenses?Profit from operations?Finance cost45 000Profit before tax?Income tax expense (30%)?Net profit for the year?                 Velaphi Mjongeni Pty LimitedStatement of financial position for the year ended 31 December 2023 RAssets Non-current assets Property, Plant and equipment?Current assets?Inventories320 000Trade receivables?Cash and cash equivalents?Total assets?Equity and liabilities Capital and reserves Issued capital @ R2.50 per share100 000Accumulated profits/losses?Current liabilities250 000Non-current liabilities @10%?Total equity and liabilities? The following additional information is available about Velaphi Mjongeni Pty Limited:1.    Selected financial ratios calculated from the statements above are given below:Gross profit margin…………………....40%Current ratio………………………......2.40 to 1Quick ratio………………………..........1.12 to 1Debt-to-equity ratio………………..0.875 to 1Times interest earned…………….7 timesReturn on total assets………………..14% 2.           All sales during the year were on credit.3.           The interest expense on the statement of profit or loss relates to the bonds payable, the bonds outstanding did not change throughout the year.4.           There were no changes in the number of shares outstanding during the year. Required:Calculate the following and choose the correct answer from the options provided: Cost of sales Blank 1Gross profit Blank 2Operating expenses Blank 3Profit from operations Blank 4Income tax expense Blank 5Net profit for the year Blank 6Total equity Blank 7Accumulated profits/losses Blank 8Non-current liabilities Blank 9Total current assets Blank 10

he following is an extract from the financial statements of Lusaka (Pty) Ltd for the year ended 28 February 2024: 2024 R’000Cost of sales42 323Gross profit34 155Operating expenses17 820Finance costs1 617Income tax3 267Capital and reserves73 095Long-term (interest-bearing) borrowings7 425Bank balance (overdraft)743Trade payables9 445Non-current assets75 059Trade receivables10 303Inventory5 346 Required:Complete the table below to calculate the following ratios and choose the nearest correct answer from the list of options provided:Ratio2024Return on assets (ROA)Blank 1Debtors’ collection periodBlank 2Days' sales inventory heldBlank 3Operating profit marginBlank 4Quick ratioBlank 5Gross profit marginBlank 6Debt ratioBlank 7

Question 3Assume a firm earns net income of $10,000 with total assets of $200,000 - half of which is debt - and has 20,000 shares outstanding. Based on this information, its EPS (earnings per share), ROA (return on assets) and ROE (return on equity) are respectively:1 point$2.00; 5%; 10%$2.00; 10%; 5%$0.50; 5%; 5%$0.50; 5%; 10%None of the above

QUESTION 8:Calculate the cost of sales in the statement of profit or loss and other comprehensive income for the financial year end 31 August 2023 of Sanit Ltd.1.R9 180 0002.R9 000 0003.R9 450 0004.R9 705 000

A company commenced business on 1 July 2022. On 30 June 2023, an extract of the statement of financial position prepared for internal purposes, but excluding the effect of income tax, disclosed the following information:  AssetsLiabilitiesCash$20,000Accounts Payables$50,000Inventories60,000Provision for annual Leave8,000Plant200,000  Accumulated Depreciation(20,000)   Additional information:  The plant was acquired on 1 July 2022. Depreciation for accounting purposes was 10% (straight-line method), while 20% (straight-line) was used for tax purposes. The tax rate is 30%.The deferred tax liability and deferred tax asset are:Group of answer choicesDTL = $2,400 and DTA = $6,000DTL = $20,000 and DTA = $8,000DTL = $8,000 and DTA = $20,000DTL = $6,000 and DTA = $2,400