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Notes Ein Africa Lid received E 12 km from the sale of plant that had a carrying amount of Elim at the date of its saka 550 QUESTIONS Africa Ltd is a listed company that assembles domestic electrical goods which it then sells to both wholesale and retail customers. Africa ammagement was disappointed in the company's results for the year eaded 31 March 2020. In an attempt to innowe Betersuas the following measures were taken carly in the year eaded 3 March 2021: A national advertising campaiga was undertaken, Rehanes to all wholesale customers purchasing goods above set quantity levels were introduced, The assembly of certain limes ceased and was replaced by bought in completed products. This allowed Africa Led to dispose of surplus plant. Africa www.financial statements for the year ended 31 March 2121 are set out below STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2015 Ei Non current Assets Property, Plant and equipment (este (ii) Current Assets Inventory 250 Trade receivables 360 Bank nil 610 1160 Total Assets Equity and Liabilities Stated capital (400 shares Income Surphs The market price of Altrices share throughout the year avenged 3.95 cach. There were no issues ar redemption of shares or loans during the year. Dividends paid during the year ended 31 March 2021 amounted to E90m. maintaining the same dividend paid in the year ended 31 March 20.30 Required: (a)Calculate ratios for the year ended 31 March, 2021 (showing your workings) for Africa L.id, a, equivalent to those provided above (blaulake the financial performance and position of Africa l.id for the year ended 31 March 20211 compared to the previous year 100 380 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2021 480 200 Revenue 25% cash sales) 4.000 Non-current liabidities 8% loan notes Current liabilities Bank werdralt Trade payables Current tax payables Total equity and liabilities Cost of sales (1.450) 10 430 40 Gross profit Operating expenses 480 1,160 (370) Operating profit Profit oa disposal of plant note "ITTI Below are ratis calculated for the year eaded 31 March 2020: Return on year end capital comployed (profit before interest and tax over total assets is current liabilities) as Financial charges (201 4 times 179 Prolit before tas Income tax expense (50) 6.3% Profit for the year Net assets(equal to capital employed tumover Gross profit margin Net profit (before tax) margin Current rutio Closing innentoey holding period Trade receivables collection period Trade payables' payment period Dividend yield Dividend cover 46 days 45 days 55 days 3.75% 2 times Notes Ein Africa Lid received E 12 km from the sale of plant that had a carrying amount of Elim at the date of its saka 550 QUESTIONS Africa Ltd is a listed company that assembles domestic electrical goods which it then sells to both wholesale and retail customers. Africa ammagement was disappointed in the company's results for the year eaded 31 March 2020. In an attempt to innowe Betersuas the following measures were taken carly in the year eaded 3 March 2021: A national advertising campaiga was undertaken, Rehanes to all wholesale customers purchasing goods above set quantity levels were introduced, The assembly of certain limes ceased and was replaced by bought in completed products. This allowed Africa Led to dispose of surplus plant. Africa www.financial statements for the year ended 31 March 2121 are set out below STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2015 Ei Non current Assets Property, Plant and equipment (este (ii) Current Assets Inventory 250 Trade receivables 360 Bank nil 610 1160 Total Assets Equity and Liabilities Stated capital (400 shares Income Surphs The market price of Altrices share throughout the year avenged 3.95 cach. There were no issues ar redemption of shares or loans during the year. Dividends paid during the year ended 31 March 2021 amounted to E90m. maintaining the same dividend paid in the year ended 31 March 20.30 Required: (a)Calculate ratios for the year ended 31 March, 2021 (showing your workings) for Africa L.id, a, equivalent to those provided above (blaulake the financial performance and position of Africa l.id for the year ended 31 March 20211 compared to the previous year 100 380 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2021 480 200 Revenue 25% cash sales) 4.000 Non-current liabidities 8% loan notes Current liabilities Bank werdralt Trade payables Current tax payables Total equity and liabilities Cost of sales (1.450) 10 430 40 Gross profit Operating expenses 480 1,160 (370) Operating profit Profit oa disposal of plant note "ITTI Below are ratis calculated for the year eaded 31 March 2020: Return on year end capital comployed (profit before interest and tax over total assets is current liabilities) as Financial charges (201 4 times 179 Prolit before tas Income tax expense (50) 6.3% Profit for the year Net assets(equal to capital employed tumover Gross profit margin Net profit (before tax) margin Current rutio Closing innentoey holding period Trade receivables collection period Trade payables' payment period Dividend yield Dividend cover 46 days 45 days 55 days 3.75% 2 times

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