FIN2601 Assignment 1
(COMPLETE ANSWERS)
Semester 1 2025 (185354) -
DUE 17 April 2025
100% GUARANTEEED
, FIN2601 Assignment 1 (COMPLETE
ANSWERS) Semester 1 2025 (185354) - DUE
17 April 2025
QUESTION 1 [18 MARKS] Read the information
provided and then answer the questions that
follow. Indicate all the steps in your calculations – it
is NOT enough to provide only a final answer.
FIN2602 Jungle Build Projects is a relatively young
civil engineering company based in Rustenburg,
North West. A month ago, Sherman Alexander
Hemsley was appointed as the financial manager
of the company. He received the company's yearly
financial statistics and was requested to prepare a
report on the success of the business. The report
must be submitted to management. INV2601
Extract from the statement of comprehensive
income for 31 December 2024 2023 2024 Sales R
R FIN2601/101/1/2025 5 Cost of goods sold R R
Gross profit R BAN2601 R Administrative expenses
R520 000 R600 000 Earnings before interest and
tax (EBIT) R680 000 R800 000 Extract from the
statement of financial position as of 31 December
2024 2023 2024 Trade and other receivables R440
000 R820 000 Inventories R460 500 R380 000
Cash and cash equivalents R299 500 R300 000
Current assets R R Total assets R R Total liabilities R
R Take the following into consideration: RSK2601 a)
(COMPLETE ANSWERS)
Semester 1 2025 (185354) -
DUE 17 April 2025
100% GUARANTEEED
, FIN2601 Assignment 1 (COMPLETE
ANSWERS) Semester 1 2025 (185354) - DUE
17 April 2025
QUESTION 1 [18 MARKS] Read the information
provided and then answer the questions that
follow. Indicate all the steps in your calculations – it
is NOT enough to provide only a final answer.
FIN2602 Jungle Build Projects is a relatively young
civil engineering company based in Rustenburg,
North West. A month ago, Sherman Alexander
Hemsley was appointed as the financial manager
of the company. He received the company's yearly
financial statistics and was requested to prepare a
report on the success of the business. The report
must be submitted to management. INV2601
Extract from the statement of comprehensive
income for 31 December 2024 2023 2024 Sales R
R FIN2601/101/1/2025 5 Cost of goods sold R R
Gross profit R BAN2601 R Administrative expenses
R520 000 R600 000 Earnings before interest and
tax (EBIT) R680 000 R800 000 Extract from the
statement of financial position as of 31 December
2024 2023 2024 Trade and other receivables R440
000 R820 000 Inventories R460 500 R380 000
Cash and cash equivalents R299 500 R300 000
Current assets R R Total assets R R Total liabilities R
R Take the following into consideration: RSK2601 a)
