MAC3702 ECP Assignment 1 of 2021

MAC3702 ECP ASSIGNMENT 1 – SEMESTER 1
OF 2021
1. 1

2. 2

3. 2

4. 3

5. 2

6. 4

Debt Ratio = 𝑻𝒐𝒕𝒂𝒍 𝑫𝒆𝒃𝒕
∗ 𝟏𝟎𝟎
𝑻𝒐𝒕𝒂𝒍 𝑨𝒔𝒔𝒆𝒕𝒔

(5 400 000 – 2 300 000)
=[ ∗ 100]
5 400 000


= 𝟓𝟕. 𝟒𝟏%

7. 4

Debt Ratio = 𝑻𝒐𝒕𝒂𝒍 𝑫𝒆𝒃𝒕
∗ 𝟏𝟎𝟎
𝑻𝒐𝒕𝒂𝒍 𝑨𝒔𝒔𝒆𝒕𝒔

(2 400 000+ 665 000)
=[ ∗ 100]
5 325 000


= 𝟓𝟕. 𝟓𝟔%

8. 3

𝑻𝒐𝒕𝒂𝒍 𝑰𝒏𝒕𝒆𝒓𝒆𝒔𝒕 𝑩𝒆𝒂𝒓𝒊𝒏𝒈 𝑫𝒆𝒃𝒕
Gearing Ratio = ∗ 𝟏𝟎𝟎
𝑻𝒐𝒕𝒂𝒍 𝑰𝒏𝒕𝒆𝒓𝒆𝒔𝒕 𝑩𝒆𝒂𝒓𝒊𝒏𝒈 𝑫𝒆𝒃𝒕 + 𝑻𝒐𝒕𝒂𝒍 𝑺𝒉𝒂𝒓𝒆𝒉𝒐𝒍𝒅𝒆𝒓𝒔 𝑬𝒒𝒖𝒊𝒕𝒚

(2 400 000 + 270 000)
= ∗ 100
(2 400 000 + 270 000 + 2 260 000)


= 𝟓𝟒. 𝟏𝟔%




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, 9. 4

𝑰𝒏𝒕𝒆𝒓𝒆𝒔𝒕 𝑩𝒆𝒂𝒓𝒊𝒏𝒈 𝑫𝒆𝒃𝒕 − 𝑪𝒂𝒔𝒉
Net Debt Equity Ratio =
𝑬𝒒𝒖𝒊𝒕𝒚

(𝟐 𝟒𝟎𝟎 𝟎𝟎𝟎 + 𝟐𝟕𝟎 𝟎𝟎𝟎 − 𝟒𝟓 𝟎𝟎𝟎)
=
𝟐 𝟐𝟔𝟎 𝟎𝟎𝟎


= 𝟏. 𝟏𝟔: 𝟏

10. 1

Net Operating profit percentage = 𝑶𝒑𝒆𝒓𝒂𝒕𝒊𝒏𝒈 𝑷𝒓𝒐𝒇𝒊𝒕 ∗ 𝟏𝟎𝟎
𝑹𝒆𝒗𝒆𝒏𝒖𝒆

3 320 000
= ∗ 100
3 950 000


= 𝟖𝟒. 𝟎𝟓%

11. 2

R
Annual net operating income 94 200
Wear & Tear (192 000 ∗ 20%) (38 400)
Taxable Income 55 800

Income tax expense (𝟓𝟓 𝟖𝟎𝟎 ∗ 𝟐𝟖%) 15 624


12. 1

R
Working capital recoupment 25 300
Annual net operating income 94 200
Income tax expense (94 200 ∗ 28%) (26 376)
Net Cash flow after tax 93 124


13. 2




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