The following information relates to Helena Limited: 

Required:

Calculate the following accounting ratios for each of the five years from 30 April 2013 to 2017 inclusive:

(a) Gross profit

(b) Mark-up

(c) Stock turnover

(d) Trade debtor collection period

(e) Trade creditor payment period.

Transcribed Image Text:

Trading account year to 30 April 2017 2013 2014 2015 £.000 £000 £000 130 150 190 Sales (all credit) Less: Cost of goods sold: Opening inventory Purchases (all in credit terms) Less: Closing inventory Gross profit Trade receivables at 30 April Trade payables at 30 April 20 110 (30) 8|7|| || || 2013 2014 2015 2016 £000 £000 £000 £000 30 30 110 135 (30) (35) (40) (100) (110) (130) (140) 30 ੪॥੧॥੩॥ || || 45 20 40 40 25 2016 £000 210 60 35 145 70 25 || | || 100 2017 £000 320 40 305 (100) 2017 £000 (245) 75 150 60