Calculate ratios for Ed’s Enterprises and evaluate by comparison with the ratios calculated for Andrew Hunt plc in B13.3

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Data from B13.3

Calculate ratios for Andrew Hunt plc and evaluate by comparison with the industry average.

Dividend proposed for the year is £150,000 or 10 pence per share.

The market price of the ordinary shares of Andrew Hunt plc immediately after the preliminary announcement of the Year 2 profit was 255 pence per share

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Non-current (fixed) assets (net of depreciation) Current assets: Inventory (stock) and work in progress Receivables (debtors) Cash Total current assets Total assets Less: Current liabilities Trade creditors Non-current liabilities 10% debentures Total liabilities Net assets Share capital and reserves Issued share capital (320m ordinary shares of 25p nominal value each) Income statement (profit and loss account) m 430 74 30 10 114 544 (15) (140) (155) 389 80 309 389