The following are the summarised accounts for B Limited, a company with an accounting year ending on 30 September.

You are required to:

(a) calculate, for each year, two ratios for each of the following user groups, which are of particular significance to them:

(i) shareholders;

(ii) trade accounts payable;

(iii) internal management;

(b) make brief comments upon the changes, between the two years, in the ratios calculated in (a) above.

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Summarised Balance Sheets for Tangible non-current assets - at cost Less Depreciation Current assets: Inventory Accounts receivable Cash at bank Total assets 2005/6 2006/7 000 000 000 000 4,995 12,700 40,145 50,455 40,210 43,370 12,092 5,790 92,447 97,442 99,615 112,315 Current liabilities Trade accounts payable 34,389 39,215 Taxation 2,473 3,260 36,862 42,475 Long-term liabilities 10% loan notes 2006/2009 19,840 19,840 Total liabilities (56,702) (62,315) Net assets 40,740 50,000 Equity Called-up share capital of 0.25 per share 9,920 9,920 Retained profits 30,820 40,080 Shareholders' funds 40,740 50,000