Question 2 Pluto is a company involved in diverse business.

Question 2 Pluto is a company involved in diverse business… Question 2Pluto is a company involved in diverse business activities, including consulting and the sale oftechnological devices. The financial statements for the year ended 31 December 2015 arepresented below. Using ratio analysis determine the financial position of the business.Statement of Financial PositionYear ended 31 DecYear ended 31 Dec20152014ASSETSNon-Current Assets2,035,8061,517,308Property, Plant and Equipment12,9737,691Investments at Cost2,012,0911,504,830Intangible Assets10,7424,787Current Assets147,80790,573Bank131,31778,879Inventory16,49011,694Total Assets2,183,6131,607,881EQUITY AND LIABILITIESEquityShare Capital550,000550,000Share Premium35,54435,544Retained earnings78,146285Non-Current LiabilitiesNon-current loan120,00025,901Debentures146,060111,800Deferred tax61,87440,134Current LiabilitiesAccounts Payables8,39810,829Customer deposits1,176,146828,692Provisions for employee servicebenefits7,4454,696Total Equity and Liabilities2,183,6131,607,881  Statement of Changes inEquityIssuedShareShareStatutoryRetainedCapitalPremiumReserveEarningsTotal’000’000’000’000’000As at January 2014550,00035,54421,001(149,907)456,638Total comprehensive income forthe year191,325191,325Dividends paid(22,000)(22,000)Transfer to statutory reserve19,133(19,133)-As at December 2014550,00035,54440,134285625,963As at 1 January 2015550,00035,54440,134285625,963Total comprehensive income forthe year217,401217,401Dividends paid(117,800)(117,800)-Transfer to Statutory Reserve21,74021,740–As at 31 December 2015550,00035,54461,87478,146725,5643 Statement of Comprehensive IncomeYear endedYear ended 3131 Dec 2015Dec 2014RevenueRevenue from sales2,410,7501,689,020Cost of Sales1,687,5251,182,314Gross Profit723,225506,706General administration expenses(195,398)(156,019)Impairment charge(305,823)(155,449)Amortisation and depreciation(4,603)(3,913)Profit before finance charges217,401191,325Interest expenses(47,948)(29,687)Net Profit before tax169,453161,638Tax expenses50,83648,491Net Profit after tax118,617113,147Other comprehensive income98,78478,178Total comprehensive income217,401191,325RequiredFor both year ended 31 December 2014 and 31 December 2015, critically analyse and interpret theresults using ratio analysis, in terms of:1. Profitability ratiosi.Gross profit percentage / margin(2)ii.Net profit percentage/margin(2))4iii.Return on assets(2)2. Liquidity ratiosi.Current ratio(2)ii.Acid test ratio(3)3. Leverage ratiosi.Debt ratio(2)ii.Equity ratio(2)5  Accounting Business Financial Accounting FACC 412

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