The following financial statements are provided for Bredgol plc at 31 January 20*9:

All sales are credit sales

Required

Calculate:

a) Gross margin
b) Net profit margin
c) Return on capital employed
d) Net current asset ratio
e) Liquid (acid test) ratio
f) Rate of stock turnover (use closing inventory)
g) Debtors’ collection period
h) Gearing ratio.

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Revenue Less cost of sales Gross profit Less expenses Operating profit Finance costs Profit for the year before tax Taxation Profit for the year after tax Dividends Retained profit for the year Balance sheet at 31 January 20*9 Non-current assets Current assets Inventory Trade receivables Cash and cash equivalents Current liabilities Trade payables Taxation and dividends Non-current liabilities 8% debentures (2017) Shareholders' equity Ordinary shares of £1 each Retained earnings and other reserves £000 £000 706 4,800 81 5,587 £000 16,550 8,380 8,170 5,325 2,845 88 2,757 850 1,907 650 1,257 18,000 5,100 1,500 6,600 (1,013) 16,987 1,100 15,887 8,000 7,887 15,887