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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Calculation of Ratios) The financial statements of Voyager Productions Ltd. are shown below:
Voyager Productions Ltd.
Statement of Comprehensive Income for the Year Ended December 31 (in $millions)
| Â |
2012 |
2011 |
|
Turnover |
$141.1 |
$138.4 |
|
Cost of sales |
-58.9 |
-54.9 |
|
Gross profit |
82.2 |
83.5 |
|
Selling & administrative costs |
-55.0 |
-54.0 |
|
Operating profit |
27.2 |
29.5 |
|
Interest payable |
-6.1 |
-7.5 |
|
Profit before taxes |
21.1 |
22.0 |
|
Tax on profit |
-7.3 |
-5.7 |
|
Profit after taxes |
13.8 |
16.3 |
|
Dividends |
-8.0 |
-8.0 |
|
Retained profit |
$5.8 |
$8.3 |
Voyager Productions Ltd.
Statement of Financial Position as at December 31 (in $millions)
| Â |
2012 |
2011 |
|
Non-current assets |
 |  |
|
Tangible assets |
$266.7 |
$265.3 |
|
Current assets |
 |  |
|
Inventory |
5.3 |
5.8 |
|
Accounts receivable |
15.7 |
20.9 |
|
Other receivables & prepayments |
2.4 |
2.0 |
|
Bank |
4.9 |
6.3 |
| Â |
28.3 |
35.0 |
|
Total Assets |
295.0 |
300.3 |
|
Voyager Productions |
 |  |
|
Statement of Financial Position as at December 31 (in $millions) |
 | |
|
Non-current liabilities |
 |  |
|
Long-term loans |
96.7 |
146.1 |
|
Current liabilities |
 |  |
|
Accounts payable |
66.8 |
216 |
|
Total Liabilities |
163.5 |
173.7 |
|
Net Assets |
$131.5 |
$126.6 |
|
Equity |
 |  |
|
Share capital |
81.9 |
82.8 |
|
Retained earnings |
49.6 |
43.8 |
|
Shareholders" Funds |
$131.5 |
$126.6 |
Calculate the following ratios:
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