Question

ndicate the appropriate classification of each account as appearing in either its balance sheet (B) or its income statement (I). (Rand millions) Amount Classification Sales of merchandise R 156,855 Answer 1 Depreciation and amortization 5,031 Answer 2 Reserves (Retained earnings) 13,141 Answer 3 Property, plant & equipment 18,265 Answer 4 Cost of goods and services 119,323 Answer 5 Trade and other payables 20,157 Answer 6 Total assets 82,726 Answer 7 Total equity 19,994 Answer 8 Employee benefits expense 12,585 Answer 9 Total noncurrent assets 42,789 Answer 10 Total noncurrent liabilities 30,159 Answer 11 b. Using the data, compute Shoprite’s total liabilities on June 28, 2020. RAnswer 12 million c. Calculate Shoprite’s current ratio as of June 28, 2020. Round to two decimal places. Answer 13

          ndicate the appropriate classification of each account as appearing in either its balance sheet (B) or its income statement (I). 
(Rand millions) Amount  Classification
Sales of merchandise R 156,855  Answer 1
Depreciation and amortization 5,031  Answer 2
Reserves (Retained earnings) 13,141  Answer 3
Property, plant & equipment 18,265  Answer 4
Cost of goods and services 119,323  Answer 5
Trade and other payables 20,157  Answer 6
Total assets 82,726  Answer 7
Total equity 19,994  Answer 8
Employee benefits expense 12,585  Answer 9
Total noncurrent assets 42,789  Answer 10
Total noncurrent liabilities 30,159  Answer 11
b. Using the data, compute Shoprite’s total liabilities on June 28, 2020.
   RAnswer 12
 million
c. Calculate Shoprite’s current ratio as of June 28, 2020.
Round to two decimal places.
Answer 13

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