FIN2603 Assignment 1 (DETAILED ANSWERS) Semester 1 2025 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references ,. Question 1 List and discuss the diverse range of stakeholders utilising organisations' financial statements. (14) Question 2 Use the following information to answer questions 2.1 to 2.4: (8) Britworks Ltd., a steel manufacturer has the following balances in its financial statements for the 2023 financial year. R R Sales 400 000 Inventory 180 000 Cost of goods sold 210 000 Accounts receivable 50 000 Gross profit ? Cash 80 000 Net profit after tax 150 000 Total assets 700 000 Dividends paid to ordinary shareholders 20 000 Owners’ equity 100 000 Dividend paid to preference shareholders 18 000 Long-term debt 300 000 Number of ordinary shares issued 100 000 Accounts payable 80 000 2.1 Calculate the gross profit margin for Britworks Ltd. (2) 2.2 Calculate the current ratio for Britworks Ltd. (2) 2.3 Calculate the return on investment (ROI) for Britworks Ltd. (2) 2.4 Calculate the earnings per share (EPS) for Britworks Ltd. (2)
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