Exam (elaborations)
INV2601 Assignment 1 second semester due 31 August 2023
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8/25/23, 9:00 AM Assessment 1: Attempt reviewQUIZ
Started on Friday, 25 August 2023, 8:41 AM
State Finished
Completed on Friday, 25 August 2023, 8:59 AM
Time taken 17 mins 54 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12629621&cmid=624068 1/14
, 8/25/23, 9:00 AM Assessment 1: Attempt review
Question 1
Correct
Mark 1.00 out of 1.00
Mahlangu Ltd Income Statement Year ended Mahlangu Ltd Balance Sheet as at 31-12-
31-12- 2020 2020 R’000s
R’000s
Sales 55 000 ASSETS
Cost of Sales 30 500 Fixed Assets
Operating Net fixed assets 120 500
expenses 18 500 Current assets
Operating income 6 000 Inventories 74 500
Interest 500 Other current assets 70 000
Profit before tax 5 500 TOTAL ASSETS 265 000
Company tax rate 50%
EQUITY AND LIABILITIES
Owners’ Equity 155 000
Liabilities
Long-term loans 95 500
Current liabilities 14 500
TOTAL EQUITY AND
LIABILITIES 265 000
Calculate Mahlangu’s return on equity?
a. 0.16%
b. 0.17%
c. 1.61%
d. 1.78%
Your answer is correct.
The correct answers are:
1.61% ,
1.78%
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12629621&cmid=624068 2/14
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