GRADE 12 TASK 1- REPORT
Ashy Company Limited trades in Proudly South African bottled water. The Company is
authorized to issue an unlimited number of no par value ordinary shares.
The directors are concerned that the market price per share at Johannesburg Securities
Exchange (JSE) on 1 March 2017 has declined from R8, 00 to R5, 00 per share. The
directors informed the internal auditor to investigate what contributed to the declined
market price per share.
You have been requested by shareholders to present information relating to the following
company accounts for the period 1 March 2017 to 28 February 2018.
REQUIRED
Calculate the average price of shares before the shares were bought back.
1.1 calculate the average price of shares before the shares week bought back​