12.7 The following information relates to Helena Limited:

Required:
Calculate the following accounting ratios for each of the five years from 30 April 2005 to 2009 inclusive:
1 gross profit;
2 mark-up;
3 stock turnover;
4 trade debtor collection period; and 5 trade creditor payment period.

Transcribed Image Text:

Trading account year to 30 April 2004 2005 2006 2007 2008 2009 000 000 000 000 000 000 Sales (all credit) 130 150 190 210 320 Less: Cost of goods sold: Opening stock 20 30 35 40 Purchases (all in credit terms) 110 110 130 140 Less: Closing stock 30 30 100 110 Gross profit 30 Trade debtors at 30 April 45 Trade creditors at 30 April 20 20 25 135 145 305 165 180 345 35 40 100 130 140 245 70 75 100 150 30 60