Homework Answers
A) Ratio calculation: for year 2018
Current Ratio= Current Assets / Current Liabilities
= 4195/ 3462 = 1.211
Acid test ratio= cash and cash equivalents/ current liabilities
= (432+2716)/3462
= .909
Gross profit ratio= gross profit/ sales
=1842/8304 = 0.22
Profit Margin ratio= net profit/ sales
= profit after tax/ sales = 834/ 8304 = 0.10
ROCE= EBIT/ Capital employed
capital employed= total assets-total current liability
EBIT= Earnings before interest and tax
ROCE= 1208/3107 = 0.388
ROE= Net Income/ Shareholders Equity
= 662/452= 1.46
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