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BBF612S - Business Finance - 2ndt Opp - Nov 2022 |
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nAmlBIA unlVERSITY
OF SCIEnCE Ano TECHnOLOGY
FACULTYOF COMMERCEH, UMANSCIENCESAND EDUCATION
DEPARTMENT OF MANAGEMENT
QUALIFICATION: Bachelor of Business Management and Bachelor of Entrepreneurship
QUALIFICATION CODE: 07BBMA and
07BENT
LEVEL:7
COURSE CODE: BBF612S
DATE: January 2023
COURSE NAME: BUSINESS FINANCE
SESSION: 2nd Opportunity
DURATION: 2H00 MINUTES
MARKS: 100
EXAMINER(S)
Moderator
SECOND OPPORTUNITY EXAMINATION PAPER
Mr. A. Ndjavera
Mrs. B Ndungaua
Mr. Bramwell Kamudyariwa
Mr E Mbanga
INSTRUCTIONS
1. Answer all questions.
2. Read all the questions carefully before answering.
3. Use the attached financial tables A, B, C &D.
4. Marks for each question are indicated at the end of each question.
5. This paper consist of ONE (1) section.
6. Question 5 comprises of two alternative questions, ANSWER ONLY ONE.
7. Please ensure that your writing is legible, neat and presentable.
THIS QUESTION PAPERCONSISTSOF _8_ PAGES{Including this front page)
PERMISABLEMATERIAL- Calculator
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QUESTION 1
(10 Marks)
With concrete examples, discuss Porter's competitive forces in which a business entity
functions.
QUESTION 2
(15 Marks)
What is GAAP and what are seven of it's eleven principles?
QUESTION 3
(15 Marks)
Use the following Statement of Financial Performance and Statement of Financial Position
of Oryx and Kudu Limited to calculate and select the correct answers below in questions.
Kudu and Oryx Limited Statement of Financial
Performance as at 28 February 2022
Sales
5,300,000.00
Less:Cost of goods sold
2,650,000.00
Gross profit
2,650,000.00
Lessoperating expenses
1,560,000.00
Operating profit
1,090,000.00
Less: Interest expenses
28,000.00
Net profit before tax
1,062,000.00
less: Tax 29%
307,980.00
Net profit after tax
754,020.00
Net profit distributed as follows:
Dividends to ordinary
shareholders
210,000.00
Retained earnings
544,020.00
754,020.00
Additional Information:
Number of ordinary shares issued: 2,800,000 at 230 cents each.
Current market price of the share: 375 cents
Credit purchases 2,430,000
Days per year 360
There are no preference dividends.
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Kudu and Oryx Limited Statement of Financial Position as at 28
February 2022
None-current
Shareholder's
assets
1,950,000.00 interest
Current assets
Ordinary shares
850,000.00
Cash
100,000.00 Retained earnings
650,000.00
Accounts
receivable
130,000.00 Long term debt
700,000.00
Inventory
320,000.00 Current Liabilities
Accounts payable
300,000.00
Equity and
Total Assets
2,500,000.00 Liabilities
2,500,000.00
Calculate the following ratios:
a) Gross Profit margin (3 marks)
b) Current ratio (3 marks)
c) Average payment period (3 marks)
d) Debt-equity ratio (3 marks)
e) Earning per share (3 marks)
QUESTION 4
(14 Marks)
Name and explain the principles of budgeting that may contribute to meaningful budgets.
QUESTION 5
(6 Marks)
1. Kudu and Oryx CC'sfinancial manager is investing N$12,000 for a 5 year period at
12% per annum, calculated quarterly.
Calculate the Future value at the end of year 5.
OR
2. Kudu and Oryx CCmay borrow N$3,000,000 from the Development Bank for business
expansion purposes. The bank will charge 16% and Kudu and Oryx CC has agreed to
make equal annual end-of-year payments over 7 years.
How much will the annual repayment amount be if the business proceeds with the
loan application?
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QUESTION 6:
(14 Marks)
Nico Limited needs to procure a machine for their manufacturing business. They have an
option between 2 machines that they can buy.
• Machine A will cost N$95,000.
• Machine B will cost N$85,500
• The cost of capital on the investment is 16%. They expect the following cash inflow for
the next 6 years:
Period
1
2
3
4
5
6
Machine A Machine B
Cash Inflow (N$)
28,000
25,000
30,000
19,000
32,000
25,900
30,000
19,500
42,500
20,900
29,700
22,600
a) Calculate the profitability index for both options (10 marks)
b) Based on the profitability index, which option should be purchased? Motivate your
answer (4 marks)
QUESTION 7
(14 Marks)
When financing assets, what critical considerations should you as the financial manager
keep in mind?
QUESTION 8
Discussstrategies for cash flow management.
{12 marks)
-END-
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..
n 1% 2% 3% 4% -6% 6% . . 7-% 8%. 9% 10% 11% 12% 13% 14% 15% 16%
1 1,010 1,020 1,030 1,040 1,050 1,060 1,070 1.080· 1,090 1,100 1,110 1,120 1,130 1,140 1,150 1,160
20% 25%
1,200 1,250
30%
1.300
2 1,020 1,040 1,061 1,082 1,103 1,124 1,145 1,166 · 1,188 1,210 1,232 1,254 1,277 1,300 1,323 1,346 1,440 1,563 1,690
3 1,030 1,061 1,093 1,125 1,158 1,191 1,225 1,260 1,295 1,331 1,368 1,405 1,443 1,482 1,521 1,561 1,728 1,953 2,197
4 1.041 1.082 1.126 1,170 1,216 1,262 1,311 1,360 1,412 1,464 1,518 1,574 1,630 1,689 1,749 1,811 2.074 2.441 2,856
5 1,051 1,104 1,159 1,217 1.276 1,338 1.403 1,469 1,539 1,611 1,685 1.762 1,842 1,925 2,011 2,100 2.488 3,052 3,713
6 1,062 1,126 1,194 1,265 1,340 1,419 1,501 1,587 1,677 1,772 1,870 1,974 2.082 2.195 2,313 2.436 2,986 3,815 4,827
7 1,072 1.149 1,230 1,316 1,407 1,504 1,606 1,714 1,828 1,949 2.076 2,211 2,353 2,502 2,660 2,826 3,583 4,768 6,275
8 1,083 1.172 1,267 1,369 1,477 1,594 1,718 1,851 1,993 2.144 2,305 2,476 2,658 2.853 3,059 3,278 4.300 5,960 8,157
9 1,094 1.195 1,305 1,423 1,551 1,689 1-,838 1·,999 2,172 2,358 2.558 2,773 3,004 3,252 3,518 3,803 5,160 7,451 10,60
10 1,105 1,219 1,344 1,480 1,629 1,791 1,967 2,159 2,367 2,594 2,839 3,106 3,395 3,707 4,046 4.411 6.192 9,313 13,79
11 1,116 1,243 1,384 1,539 1,710 1,898 2,105 2,332 2,580 2,853 3.152 3,479 3,836 4,226 4,652 5,117 7,430 11.64 17,92
12 1,127 1,268 1.426 1,601 1,796 2,012 2.252 2.518 2,813 3,138 3.498 3,896 4,335 4,818 5,350 5,936 8,916 14,55 23.30
13 1,138 1.294 1.469 1,665 1,886 2,133 2.410 2,720 3,066 3,452 3,883 4,363 4,898 5,492 6,153 6,886 10.70 18.19 30,29
14 1,149 1,319 1,513 1.732 1,980 2,261 2.579 2,937 3,342 3,797 4,310 4,887 5,535 6,261 7,076 7.988 12,84 22.74 39.37
15 1,161 1,346 1,558 1,801 2,079 2,397 2,759 3,172 3,642 4,177 4,785 5.474 6,254 7,138 8,137 9,266 15.41 28.42 51,19
16 1,173 1,373 1,605 1,873 2,183 2,540 2,952 3.426 3,970 4,595 5,311 6,130 7,067 8,137 9,358 10.75 18,49 35,53 66,54
17 1.184 1,400 1,653 1,948 2,292 2,693 3,159 3.700 4,328 5,054 5,895 6,866 7,986 9,276 10,76 12.47 22.19 44,41 86.50
18 1,196 1,428 1,702 2,026 2.407 2,854 3,380 3,996 4,717 5,560 6,544 7,690 9.024 10,58 12,38 14.46 26.62 55.51 112,5
19 1,208 1.457 1,754 2.107 2,527 3,026 3,617 4,316 5,142 6,116 7,263 8,613 10,20 12,06 14,23 16,78 31,95 69,39 146,2
20 1,220 1,486 1,806 2,191 2,653 3,207 3,870 4,661 5,604 6,727 8,062 9,646 11,52 13,74 16,37 19.46 38,34 86,74 190,0
21 1,232 1.516 1,860 2,279 2,786 3.400 4,141 5,034 6,109 7,400 8,949 10,80 13,02 15,67 18,82 22.57 46,01 108.4 247, 1
22 1,245 1,546 1,916 2,370 2,925 3,604 4,430 5.437 6,659 8,140 9,934 12,10 14.71 17,86 21,64 26,19 55,21 135,5 321.2
23 1,257 1,577 1,974 2,465 3,072 3.820 4,741 5,871 7,258 8,954 11,03 13,55 16,63 20,36 24,89 30,38 66.25 169.4 417.5
24 1,270 1,608 2,033 2,563 3,225 4,049 5,072 6,341 7,911 9,850 12,24 15,18 18,79 23.21 28,63 35.24 79,50 211,8 542,8
25 1.282 1,641 2.094 2,666 3,386 4,292 5,427 6,848 8,623 10,83 13,59 17,00 21,23 26.46 32,92 40,87 95,40 264,7 705,6
30 1,348 1,811 2.427 3,243 4,322 5,743 7,612 10,06 13,27 17,45 22,89 29,96 39,12 50,95 66,21 85,85 237.4 807.8 2620
35 1,417 2,000 2,814 3,946 5,516 7,686 10,68 14,79 20.41 28,10 38.57 52,80 72,07 98,10 133,2 180,3 590,7 2465 9728
40 1.489 2,208 3,262 4,801 7,040 10.29 14,97 21,72 31,41 45,26 65,00 93,05 132,8 188.9 267,9 378,7 1470 7523 36119
45 1,565 2.438 3,782 5,841 8,985 13,76 21,00 31,92 48,33 72,89 109,5 164,0 244,6 363,7 538,8 795.4 3657 22959
50 1,645 2,692 4,384 7,107 11.47 18,42 29,46 46,90 74,36 117.4 184,6 289,0 450,7 700,2 1084 1671 9100 70065
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2 Pages 11-20 |
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n 1% 2% 3% 4% 5%
1 1,000 1,000 1.000 1.000 1,000
2 2.010 2,020 2.030 2,040 2.050
3 3.030 3.060 3.091 3,122 3,153
4 4.060 4.122 4.184 4,246 4,310
I 5 5.101 5.204 5.309 5,416 5.526
6 6.152 6.308 6.468 6.633 6.802
7 7.214 7.434 7,662 7.898 8.142
8 8.286 8.583 8.892 9.214 9.549
9 9.369 9.755 10.16 10.58 11.03
10 10.46 10.95 11.,16 12.01 12.58
i1 i 11.57 12.17 12.81 13.J9 14.21
i : 12 12.68 13.-11 1J,19 15.03 15.92
[ 13 ! 13.81 iJ.68 1'5.62 16.63 i7.71
! 14 I 1J.95 15.97 17.09 18.29 19.60
; 1!) 16.10 17.29 18.60 20.02 21.58
-16 i7.26 i8.6J 20.16 21.82 23.66
17 l8.J3 20.01 21.7G 23.i0 25.84
18 19.61 21.J1 23.J1 25.65 28.13
i 10 20.81 22.84 25.12 27.67 30.54
:20 22.02 2-1.30 26.87 29.78 33.07
?1 23.2J 25.78 28.68 31.97 35.72
22 24.47 27.30 30.54 34.25 38.51
2:3 25.72 28.8-1 32.J5 36.62 41.43
24 26.97 30.42 34.43 39.08 44.50
25 28.24 32.03 36.-16 41.65 47,73
30 34.78 40.57 47.58 56.08 66,44
35 41.66 49.99 60.46 73.65 90.32
40 48,89 60.40 75.40 95,03 120.8
,15 56.48 71.89 92,72 121.0 159.7
50 64.46 84,58 112.8 152.7 209,3
· F\\'IF,\\ - 99999
6% 7% 8% 9%
1,000 1.000 1,000 1,000
2.060 2.070 2,080 2.090
3,184 3,215 3,246 3,278
4.375 4.440 4,506 4,573
5,637 5.751 5.867 5,985
6,975 }.153 7.336 7,523
8.394 8,654 8,923 9,200
9,897 10.26 10.64 11,03
11.49 11.98 12.49 13.02
13.18 13.82 14.49 15.19
1J,97 15.78 16.65 17.56
16,87 17.89 18.98 20.14
18.88 20.14 21.50 22.95
21.02 22.55 24.21 26.02
23.28 25.13 27.15 29.36
25.67 27.89 30.32 33.00
28.21 30.84 33.75 36.97
30.91 34.00 37.45 41.30
33,76 37.38 41.45 46,02
36.79 41,00 45,76 51.16
39.99 4•1,87 50.42 56.76
43,39 49.01 55,46 62.87
47,00 53.44 60.89 69.53
50,82 58.18 - 66.76 76.79
54.86 63.25 73. 11 84.70
79.06 94,46 113,3 136,3
111,4 138.2 172,3 215.7
154,8 199,6 259,1 337.9
212.7 285,7 386,5 525.9
290.3 406.5 573,8 815,1
10%
1,000
2.100
3.310
4,641
6,105
7,716
9,487
11,44
13,58
15.94
18.53
21.38
24.52
27.97
31.77
35.95
40.54
45.60
51.16
57.27
64.00
71.40
79.54
88.50
98.35
164.5
271,0
442.6
718,9
1164
11%
1,000
2,110
3,342
4.710
6.228
7,913
9.783
11,86
14,16
16,72
19.56
22,71
26.21
30.09
34.41
39,19
44.50
50.40
56.94
64.20
72.27
81.21
91.15
102,2
114,4
199,0
341,6
581,8
986,6
1669
12%
1,000
2.120
3,374
4,779
6,353
8,115
10,089
12,30
14,78
17.55
20.65
24,13
28.03
32.39
37,28
42.75
48.88
55.75
63,44
72.05
81.70
92,50
104.6
118.2
133.3
241,3
431,7
767,1
1358
2400
13%
1,000
2.130
3.407
4,850
6.480
8,323
10,405
12.76
15.42
18.42
21.81
25.65
29.98
34.88
40.42
46.67
53.74
61.73
70,75
80.95
92.47
105.5
120,2
136.8
155.6
293.2
546.7
1014
1874
3460
14%
1,000
2.140
3.440
4,921
6,610
8,536
10.730
13,23
16.09
19.34
23.04
27.27
32.09
37.58
43.84
50.98
59.12
68.39
78.97
91.02
104.8
120.4
138.3
158.7
181.9
356.8
693,6
1342
2591
4995
15%
1,000
2.150
3.473
4,993
6,742
8,754
11.067
13,73
16,79
20.30
24.35
29.00
34.35
40,50
47.58
55.72
65.08
75.84
88.21
102.4
118.8
137.6
159.3
184.2
212.8
434,7
881.2
1779
3585
7218
16%
1,000
2,160
3,506
5,066
6,877
8,977
11.414
14,24
17.52
21.32
25.73
30.85
36.79
43,67
51.66
60.93
71.67
84.14
98,60
115.4
134.8
157.4
183.6
214,0
249.2
530.3
1121
2361
4965
10436
20%
1,000
2.200
3,640
5,368
7,442
9,930
12,916
16.50
20.80
25.96
32.15
39.58
48.50
59.20
72.04
87.44
105.9
128.1
154.7
186.7
225.0
271.0
326.2
392.5
472,0
1182
2948
7344
18281
45497
25%
1,000
2.250
3,813
5,766
8.207
11,259
15,073
19.84
25,80
33.25
42.57
54.21
68.76
86.95
109.7
138.1
173.6
218,0
273.6
342.9
429.7
538.1
673.6
843.0
1055
3227
9857
30089
91831
30%
1,000
2,300
3,990
6.187
9,043
12.756
17,583
23.86
32,01
42.62
56,41
74.33
97.63
127.9
167.3
218.5
285.0
371.5
48'1.0
630.2
820.2
1067
1388
1806
2349
8730
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n 1% 2% 3% 4% 5% 6% 7% 8%
1 0.990 0.980 0.971 0.962 0.952 0,943 0,935 0.926
2 0.980 0.961 0.943 0.925 0,907 0,890 0.873 0,857
3 0.971 0,942 0,915 0,889 0.864 0.840 0.816 0,794
4 0.961 0.92,J 0.888 0.855 0.823 0.792 0.763 0.735
5 0.951 0.906 0,863 0.822 0.784 0.747 0.713 0,681
G 0.9-12 0.888 0,837 0.790 0.7-16 0.705 0.666 0,630
7 0.933 0.871 0.813 0.760 0,711 0.665 0.623 0.583
B IJ.923 0.853 0.789 0.731 0.677 0.627 0.582 0,540
g 0.914 0.837 0.766 0,703 0,645 0.592 0.544 0.500
10 0.905 0.820 0.7-l-l 0.676 0.61.J 0.558 0.508 0.463
11 0,896 0.804 0,722 0,650 0.585 0.527 0.475 0.429
12 0.887 0.788 0.701 0.625 0,557 0.497 0.444 0,397
;3 0.679 0,773 0.681 0.601 0.530 0.469 0.-115 0,368
i4 0.870 0.758 0.661 o.~ii'7 0.505 0.-1,12 0.388 0,340
15 0.861 0.7-l3 0.642 0,555 0.481 0.417 0,362 0,315
16 0.853 0.728 0.623 0,534 0.-158 0,394 0.339 0.292
~7 0,8-l,l 0.714 0,605 0.513 0.436 0.371 0.317 0.270
18 0.836 0.700 0.587 0,49.-J 0,416 0,350 0,296 0,250
19 0.828 0.686 0.570 0.475 0,396 0.331 0.277 0.232
20 0.8W 0,673 o.ss,1 0,456 0,377 0.312 0,258 0,215
21 0,811 0.660 0,538 0.439 0.359 0.294 0,242 0,199
22 0.803 0.647 0.522 0.422 0.342 0,278 0.226 0.184
23 0.795 0.634 0.507 0.406 0.326 0.262 0.211 0.170
24 0,788 0.622 0.492 0,390 0,310 0.247 0,197 0,158
25 0.780 0,610 0.478 0.375 0.295 0,233 0,184 0.146
30 0.742 0.552 OA12 0,308 0,231 0,174 0.131 0.099
35 0,706 0.500 0.355 0.253 0,181 0.130 0.094 0,068
40 0.672 0,453 0,307 0,208 0.142 0,097 0,067 0.046
45 0,639 0.410 0.264 0.171 0.111 0.073 0,048 0,031
50 0.608 0.372 0.228 0.141 0,087
' PVIF .'JOOwhl;'n iound~ If.I thrP.•'"rt1xn11nl f)l,10:'?!.
0,054
0.034
0.021
9% 10%
0.917 0.909
0,842 0.826
0.772 0.751
0.708 0.683
0.650 0.621
0,596 0.564
0.547 0.513
0.502 0,467
0.460 0.424
0.422 0.386
0.388 0,350
0,356 0,319
0.326 0.290
0.299 0.263
0,275 0.239
0.252 0,218
0.231 0.198
0.212 0.180
0.194 0.164
0.178 0,149
0.164 0.135
0,150 0,123
0.138 0.112
0.126 0.102
0.116 0.092
O,Q75 0.057
0.049 0.036
0,032 0,022
0.021 0.014
0,013 0.009
11%
0,901
0.812
0.731
0,659
0.593
0,535
0.482
0.43.J
0,391
0.352
0,317
0.286
0.258
0.232
0.209
0.188
0.170
0.153
0.138
0.124
0,112
0.101
0,091
0.082
0.074
0.044
0,026
0,0,5
0,009
0,005
12%
0.893
0.797
0.712
0.636
0.567
0.507
0.452
0,40.J
0.361
0.322
0.287
0.257
0.229
0.205
0,183
0.163
0.146
0.130
0,116
0,104
0,093
0.083
0.074
0.066
0.059
0,033
0,019
0,011
0.006
0.003
13%
0,885
0,783
0.693
0,613
0,543
0,480
0.425
0.376
0,333
0.295
0.261
0.231
0.204
0.181
0,160
0,141
0.125
0.111
0,098
0,087
0,077
0,068
0,060
0.053
0.047
0,026
0.014
0.008
0,004
0.002
14%
0,877
0.769
0.675
0.592
0.519
0.456
0.400
0.351
0.308
0.270
0.237
0.208
0.182
0.160
0.140
0.123
0,108
0.095
0.083
0.073
0.064
0.056
0,049
0,043
0.038
0,020
0.010
0.005
0,003
0.001
15%
0.870
0,756
0.658
0.572
0.497
0.432
0.376
0.327
0.284
0.2-l7
0.215
0. 187
0,163
0.1-ll
0.123
0.107
0.093
0.081
0,070
0.061
0.053
0.046
0.040
0.035
0.030
0,0,5
0.008
0,004
0.002
0,001
16%
0.862
0.743
0.641
0,552
0.476
0.410
0.354
0.305
0.263
0.227
0.195
0,168
0.1-l5
0,125
0.108
0.093
0.080
0,069
0,060
0.051
0.044
0.038
0.033
0.028
0,024
0.012
0,006
0,003
0.001
0.001
20%
0.833
0.694
0,579
0.482
0,402
0.335
0.279
0.233
0.19-l
0.162
0.135
0.112
0.093
0.078
0.065
0.054
0.045
0,038
0.031
0.026
0,022
0.018
0.015
0.013
0,010
0.004
0,002
0.001
0,000
25% 30%
0.800 0.769
0,640 0.592
0,512 0.455
0.410 0.350
0.328 0.269
0.262 0.207
0.210 0.159
0.168 0.123
0.13J 0.09-l
0.107 0.073
0.086 0.056
0.069 0.0-l3
0.055 0.033
0,04,1 0.025
0.035 0.020
0.028 0.015
0.023 0.012
0.0,8 0,009
0.014 0.007
0.012 0,005
0,009 0,004
0,007 0.003
0.006 0.002
0,005 0.002
0,004 0.001
0.001
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2.4 Page 14 |
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2.5 Page 15 |
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n 1% 2% 3% 4% 5% 1.6%. I 7% ·1-8,%_ l-9% I 10% I 11%. 12%.t,,13%.J 1<i·% l:is%:I_15wf20%l-25%
1 30%
~J.990
I I I I I I I I I I i I I I I o.980 o.971 o,962 o.952 o,943 o.935 o,926I o,917 o,909 0,901 o,893I o,885I o,877 o,870 0,862 o.833I 0,800 o,769
2 11,970 I 1,942 11,913 11,886 11,859 11,833 11,808 11,783 11,759 J 1,736 11,713 11,590 11,668 11,647 11,626 11,605 11,528 11,440 11,351
3 I 2,901 2,884 I 2.829 I 2,775 I 2,723 I 2,673 I 2,624 I 2,sn I 2,s31 I 2.487 I 2,444 I 2,402 I 2,361 I 2,322 I 2,283 I 2,246 I 2,10s 11,952 I 1,816
-1 I J,902 3,808 I 3,717 I 3,630 I 3,546 I 3,455 I 3,387 I 3,312 I 3,240 I 3,170 I 3,102 I 3,037 I 2,974 I 2,914 I 2,855 I 2,798 I 2,589 I 2,362 I 2,166
s I ,i,853 4,713 I 4,580 I 4,452 I 4,329 I 4,212 I 4,100 I 3,993 I 3,890 I 3,791 I 3,696 I 3,6os I 3,517 I 3,433 I 3,352 I 3,274 I 2,991 I 2,689 I 2,436
6 I ~i,795 5,601 I s,417 I 5,242 I s,016 I 4,917 I 4,767 I 4,623 I 4,486 I 4,35s I 4,231 I 4,111 I 3,998 I 3,889 I 3,784 I 3,685 I 3,326 I 2,951 2,643
I li.na 6.472 I 6,230 I 6,002 I 5,786 I 5,582 I 5,389 I 5,206 I 5,033 I 4,868 I 4,712 I 4,564 I 4,423 I 4,288 I 4,160 I 4,039 I 3,605 I 3,161 2,802
8 JI ./.,6",.2
j9 U.506
! 10 !J,,171
I11 ,0.27
7,325 I 7.020 I 6,733 I 6,463 I 6,210 I 5,971 I 5,747 I 5,535 I 5,335 I 5,146 I 4,968 I 4,799 I 4,639 I 4.487 I 4,344 I 3,837 I 3,329 I 2,92s
s.162 I 7,786 I 7,435 I 7,108 I 6,802 I 6,s1s I 6,247 I 5,995 I 5,759 I 5,537 I 5,328 I 5,132 I 4,946 I 4,772 I 4,607 I 4,031 I 3.463 I 3,019
8,983 I 8,530 I 8,111 I 7,722 I 7,360 I 7,024 I 6,710 I 6.418 I 6,145 I 5,889 I 5,650 I 5.426 I 5,216 I 5,019 I 4,833 I 4,192 I 3,571 I 3,092
9,787 9,253 8,760 8,306 7,887 7,499 7,139 6,805 6,495 6,207 5,938 5,687 5,453 5,234 5,029 4,327 3,656 3,147
10,58
T
13! ·,2.13J 11,35
iI~ ·:3,GO 12,11
! 1--:-----+--
·1:- i3.87 12,85
9,954 9,385 8,863 8,384 7,943 7,536 7,161 6,814 6,492 6,194 5,918 5,660 5,421 5,197 4,439 3,725 3,190
10.63 I e,986 I 9,394 I 8,853 I s,358 I 7,904 I 7,487 I 7,103 I 6,750 I 6,424 I 6,122 I s,842 I s,583 I s,342 I 4,533 I 3,780 I 3,223
11,30 10,56 9,899 9,295 8,745 8,244 7,786 7,367 6,982 6,628 6,302 6,002 5,724 5,468 4,611 3,824 3,249
11,94 11,12 10,38 9,712 9,108 8,559 8,061 7,606 7,191 6,811 6,462 6,142 5,847 5,575 4,675 3,859 3,268
;5 ! ·Ic;.72 I 13.58 I 12,56 I 11,65 I 10,84 I 10,11 I 9,447 I 8,851 I 8,313 I 7,824 I 7,379 I 6,974 I 6,604 I 6,265 I 5,954 I 5,668 I 4,730 I 3,887 I 3,283
"l ·,s.s6 I 14,29 I 13,17 I 12.17 111,27 I 10,48 I 9,763 I e,122 I 8,544 I 8,022 I 7,549 I 7,120 I 6,729 I 6,373 I 6,047 I 5,749 I 4,775 I 3,910 I 3,295
-~1s! 16.40 I 14,99 I 13.75 I 12,66 I 11,59 I 10,83 I 10,06 I 9,372 I 8,756 I 8,201 I 7,702 I 7,250 I 6,840 I 6.467 I 6,128 I 5,818 I 4,8121 3,928 I 3,304
, 9 i ·,7.23 I 15,68 I 14,32 I 13,13 I 12,09 I 11,16 I 1o,34 I 9,604 I 8,950 I 8,365 I 7,839 I 7,366 I 6,938 I 6,550 I 6,198 I s,877 I 4,843 I 3,942 I 3,311
t820 t 18,05
18.65
16,35
17,01
14,88
15,42
13,59
14,03
12,46
12,82
11,47
11,76
10,59
10,84
9,818
10,02
9,129
9,292
8,514
8,649
7,963
8,075
7,469
7,562
7,025
7,102
6,623
6,687
6,259
6,312
5,929
5,973
4,870
4,891
3,954
3,963
3,316
3,320_
E~9.6~
17.66 15.94 14,45 13.16 12.04 11.o~ 10.20 9,442 8,772 8. 176 7,645 7,170 6,743 6,359 6,011 4,909 3,970 3,323
I '":_I a0,4'J 18,29 16,44 14,86 13,49 12,30 11,2/ 10,37 9,580 8,883 8,266 7,718 7,230 6,792 6,399 6,044 4,925 3,976 3,325
/ "" ! :::1,2,, 118,91 I 16,94 I 15,25 I 13,80 112,55 111,47 110,53 I 9,707 I a,985 I a,348 I 7,784 I 7,283 I 6,835 I 6.434 I 6,073 I 4,937 I 3,981 I 3,327
ill''·""·" ·" , -,,I n.02 I 19,52 I 17.41 I 15.62 I 14,09 I 12,7s I 11,65 I 10,67 I 9,023 I 9,on I a,422 I 7,843 I 7,330 I 6,873 I 6,464 I 6,097 I 4,948 I 3,985 I 3,329
n.a, "·" "·" "·" "" "·" ,_.,, '·'" s.oss '-'" ,,ooa,.so, ,.m '·"" ,.,ss '·"'
f ::9,4i
.:o 32,8-l
25.00
27,36
21,49
23,11
18,66
19,79
16,37
17,16
14,50
15,05
12,95
13,33
11,65
11,92
10,57
10,76
9,644
9,779
8,855
8,951
8,176
8,244
7,586
7,634
7,070
7,105
6,617
6,642
6,215
6,233
4,992
4,997
3,998
3,999
3,333
3,333
i~'-5 J3,5_0:3 29,49 2,1.52 20.?2 17,77 15,45 13,61 12,11 10,88 9,863 9,oos 8,283 7,661 7,123 6,654 6,242 4,999 4,ooo 3,333
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2.6 Page 16 |
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