Description
FIN2601 Assignment 1 Semester 1 Memo | Due 17 April 2025. All questions answered.
QUESTION 1
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. 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. Extract from the statement of comprehensive income for 31 December 800 OOO R4 600 OOO Gross profit RI 200 OOO RI 400 OOO 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 Trade and other receivables R440 OOO R820 OOO Inventories R460 500 R380 000 Cash and cash equivalents R299 500 R300 000 Current assets RI 200 000 RI 500 000 Total assets R5 500 000 R7 000 000 …. All questions answered.
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