100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
FMA101 FIM262 (STADIO) Assignment 1 (QUALITY ANSWERS) Semester 1 2024 - DUE 22 April 2024 $14.77   Add to cart

Exam (elaborations)

FMA101 FIM262 (STADIO) Assignment 1 (QUALITY ANSWERS) Semester 1 2024 - DUE 22 April 2024

 104 views  2 purchases
  • Course
  • Institution
  • Book

This document contains workings, explanations and solutions to the FMA101 FIM262 Assignment 1 (QUALITY ANSWERS) Semester 1 2024 - For assistance call or Whats-App us on 0.6.8...8.1.2...0.9.3.4........ Question 1 (28 marks) Stealers (Pty) Ltd is a company that provides a wide variety of steel prod...

[Show more]

Preview 3 out of 15  pages

  • March 14, 2024
  • 15
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
FMA101
Assignment 1 Semester 1 2024
STADIO
Due Date: 22 April 2024



This document includes:

• Helpful answers and guidelines
• Detailed explanations and/ or calculations
• References



Connect with the tutor on

+27 68 812 0934

,© Study Shack 2024. All rights Reserved +27 68 812 0934

, QUESTION 1

1.1.

The current ratio is calculated as current assets divided by current liabilities:




Current ratio = Current assets / Current liabilities

Current ratio = 4,,340

Current ratio = 3.13




The quick ratio (acid-test ratio) is calculated as (current assets - inventory)
divided by current liabilities:




Quick ratio = (Current assets - Inventory) / Current liabilities

Quick ratio = (4,200 - 2,100) / 1,340

Quick ratio = 2,,340

Quick ratio = 1.57




The inventory turnover ratio is calculated as cost of goods sold divided by
average inventory:




Inventory turnover ratio = Cost of goods sold / ((Inventory for 2023 + Inventory
for 2022) / 2)

Inventory turnover ratio = 2,275 / ((2,100 + 1,300) / 2)

Inventory turnover ratio = 2,,700

Inventory turnover ratio = 1.34



© Study Shack 2024. All rights Reserved +27 68 812 0934

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller StudyShack. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.77. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73314 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.77  2x  sold
  • (0)
  Add to cart