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2 marksFinancial Ratio Analysis

CSEC Principles of Accounts · May/June 2013 · Paper 2 · Question 3(b)(iii)

An income statement and additional financial figures are provided for Reisse Holdings for the year ended 30 June 2012.

Using the appropriate formula, calculate gross profit percentage for Reisse Holdings.

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Other parts of this question

  1. 3(a)(i)Using the formula for current ratio, calculate the current assets as at 30 June 2011.[2 marks]
  2. 3(a)(ii)Using the formula for current ratio, calculate the current liabilities as at 30 June 2012.[2 marks]
  3. 3(b)(i)Using the appropriate formula, calculate average stock for Reisse Holdings.[2 marks]
  4. 3(b)(ii)Using the appropriate formula, calculate stock turn for Reisse Holdings.[2 marks]
  5. 3(c)Prepare a summarized balance sheet for Reisse Holdings as at 30 June 2012, showing all necessary details in the capital section.[6 marks]
  6. 3(d)Calculate the return on capital employed for Reisse Holdings for the year ended 30 June 2012.[2 marks]
  7. 3(e)Using any of the ratios calculated above, comment on the performance of Reisse Holdings for the year ended 30 June 2012.[2 marks]

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