6. Th e following information relates to the fi nancial statements of Rand Limited for the year 31 December 2015 together with comparative fi gures for the year to 31 December 2014:

You are required to compute relevant ratios from the fi nancial statement for 2015 and 2014 and comment on the performance of Rand Limited.

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2015 2014 US$'000 US$'000 Revenue 120,000 95,600 Cost of sales (69,000) (53,000) Gross profit 51,000 42,600 Other income 12,000 13,000 63,000 55,600 Operating expenses (20,000) (18,900) Net profit before interest 43,000 36,700 and taxes Finance costs (8,000) (6,000) Net profit before tax 35,000 30,700 Income taxes (10,550) (9,025) Net profit after taxes 24.450 21.675