Counterpoint plc, a wholesaler, has the following accounting ratios for last year and this year:

On the basis of these ratios, comment on the performance of the business this year as compared with last year.

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Return on capital employed (ROCE) (%) Return on ordinary shareholders' funds (ROSF) (%) Gross profit margin (%) Operating profit margin (%) Settlement period for trade receivables (days) Settlement period for trade payables (days) Current ratio Acid test ratio Gearing (%) Last year 28.25 51.95 50.00 20.00 73 37 1.631 0.72 56.31 This year 13.51 18.35 40.00 10.00 91 46 1.37:1 0.60 58.55