The information below is from the accounts of John Parry, a sole trader.

Trading and Profit and Loss Account Year Ended 31 December 2005

Required: Calculate the following profitability and efficiency ratios:

(a) Return on capital employed

(b) Gross profit ratio

(c) Net profit ratio

(d) Debtors collection period

(e) Creditors collection period

(f) Stock turnover ratio (g) Asset turnover ratio,

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Sales 150,000 Less Cost of Sales Opening stock 25,000 Add Purchases 75,000 100,000 Less Closing stock 30,000 70,000 Gross Profit 80,000 Less Expenses 30,000 Net Profit 50,000 Other information 31.12.2004 31.12.2005 Total assets 50,000 60,000 Closing capital 300,000 500,000 Debtors 18,000 19,000 Creditors 9,000 10,000