FAC1601 Assignment 4 Second Semester 2022

FAC1601
ASSIGNMENT 4
SECOND SEMSTER 2022


BY: MTHOMBENI : 0767297208

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Njengabo Limited is company in the coal export business and the following information was extracted
from the financial records of this listed company at 28 February 2022, the end of the financial year.
2022 2021
R R
Other financial liabilities 178 800 181 200
Other financial assets 154 500 125 400
Inventory 89 500 22 600
Trade payables 37 000 28 700
Trade receivables 64 500 47 800


Additional information:

1. Purchases for the year amounted to R310 000 and 51% thereof were on credit.
2. Ratios reported in year ended 28 February 2021:
 Trade receivables collection period – 66.9 days
 Trade payables payment period – 64.9 days
 Inventory turnover rate – 6 times
3. Only 40% of the total sales were cash sales.
4. The gross profit percentage is 35% on sales.

Question 1


Which of the following alternatives represents the correct trade receivables collection period of Njengabo
Limited for year 2022?

a.
54.80

b.
91.33

c.
54.20

d.
82.40

e.
54.00




2

, Question 2
Not yet answered
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Question text
Which of the following alternatives represents the correct trade payables payment period of Njengabo
Limited for year 2022?

a.
38.00

b.
38.50

c.
38.66

d.
75.84

e.
73.40




𝐀𝐯𝐞𝐫𝐚𝐠𝐞 𝐜𝐫𝐞𝐝𝐢𝐭𝐨𝐫𝐬
 X365
𝐂𝐫𝐞𝐝𝐢𝐭 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞𝐬
𝟐𝟖𝟕𝟎𝟎+𝟑𝟕𝟎𝟎𝟎/𝟐
 X365
𝟏𝟓𝟖𝟏𝟎𝟎
 75.84




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