Calculate asset turnover, Macroeconomics

The following information has been extracted from the recently published accounts of Noddy Plc:

                         Balance sheet as at 31st May

                                                                                                        2009         2008

                                                                                                        £000         £000

Fixed assets                                                                                   1,800        1,400

Current assets

Stock                                                                                               1,200        200

Debtors                                                                                            400          800

Cash                                                                                                100          100

                                                                                                        1,700        1,100

Creditors: amounts falling due within one year

Loans and other borrowing                                                            (200)        (500)

Other creditors                                                                                (300)        (800)

                                                                                                        (500)     (1,300)

Net current assets                                                                         1,200        (200)

Creditors: amounts falling due after one year

10% Debentures                                                                             (1,000)     (600)

                                                                                                        2,000        600

Capital and reserves

Ordinary share capital (50p shares)                                              1,200      500

Share premium                                                                                600          0

Reserves                                                                                          200        100

                                                                                                      2,000       600

Profit and loss accounts

                                                                                                     2009         2008

                                                                                                     £000         £000

Turnover                                                                                       2,000        1,000

Cost of sales                                                                               (1,300)      (700)

Gross profit                                                                                  700           300

Distribution costs                                                                        (260)        ( 90)

Administration expenses                                                            (100)       ( 60)

Operating profit                                                                           340        150

Interest                                                                                       (100)      (60)

Profit before taxation                                                                    240           90

Taxation                                                                                        (50)       (20)

Profit after taxation                                                                      190            70

Ordinary dividends                                                                       (90)        (50)

Retained profit for the year                                                          100           20

Balance brought forward                                                             100           80

Balance carried forward                                                               200         100

Share price                                                                                1.30        1.26

Industry P/E ratio                                                                        22           20 

Required:

(a)  Calculate the following ratios for both years:

(i)     Return on capital employed  

(ii)    Asset  turnover  

(iii)   Current ratio 

(iv)   Quick ratio 

(v)    Interest cover 

(vi)   Total gearing

(vii)  Earnings per share (EPS) 

(viii) Earnings yield 

(ix)   Dividend yield 

(x)    Dividend cover

(xi)   P/E ratio 

Posted Date: 2/22/2013 7:42:27 AM | Location : United States







Related Discussions:- Calculate asset turnover, Assignment Help, Ask Question on Calculate asset turnover, Get Answer, Expert's Help, Calculate asset turnover Discussions

Write discussion on Calculate asset turnover
Your posts are moderated
Related Questions
An experiment is explained by an exponential random variable with mean ? and x1 and x2. A proposed test of the hypothesis ?=2 next to the alternative ?=½ uses the critical region {

Q. Definition of Money? Before talking over macroeconomic models we should define what we mean by money. Money has aninteresting and long history and an understanding of how we

A sudden decrease in the growth rate of GDP will cause a change in: A. planned investment spending. B. unplanned investment spending. C. both planned and unplanned investment spend

Explaining balance of payments: First, with the second oil shock of  1979-80 and  doubling of  India's  import bill along with  dismal  export performance as result of severe

Analyze how taxes and subsidies impact market efficiency. Speculate if market efficiency would be increased or decreased without issues of taxes and subsidies. Justify your respons

why and how is price level determined by the monetary sector in the classical model?

Q. Explain about Price Inflation? The major reason for allowing for non-constant wages in the model is that we then can allow for persistent deflation/inflation. With constant

TOWARDS A NATIONAL ACCOUNTING SYSTEM  A real life modern economy is a very complex structure consisting of millions of units engaged in a variety of economic transactions. Ther

The entire market is capture by a single firm which can produce at a constant average and marginal cost of AC = MC = 10. The firm faces a market demand curve given by Q = 60 ? P.

Q. What do you mean by Patulin? It is a toxic and antibiotic metabolite produced by several species of Penicillin, Aspergillus and Paeciliomyces but the most important in the c