FIN3702 ASSIGNMENT 2 SEMESTER 2 2024 The information below applies to the next four questions. Extracted statement of nancial position for AB Pharmacies LtdThe FIrm’s initial annual proFIts on total assets are ... 1. R2 500. 2. R3 000. 3. R3 500. 4

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FIN3702-24-S2  Welcome Message  Assessment 2

QUIZ




Question 1

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The information below applies to the
next four questions.

Extracted statement of financial position
for AB Pharmacies Ltd

Assets Equity & Liabilities

Current R10 Current R5 000
assets 000 liabilities

Fixed R20 Long-term R12
assets 000 debt 000

Equity R13
000

Total R30 Total R30
000 000

The company earns 5% on current assets
and 15% on fixed assets. The firm’s
current liabilities cost 7% to maintain and
the average annual cost of long-term
funds is 20%.
Question 01

The firm’s initial annual profits on total
assets are ...




1. R2 500.

2. R3 000.

3. R3 500.

4. R4 500.

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