20x4 : 2004

20x5 : 2005

Neville is a company that manufactures and retails office products. Their summarised financial statements for the years ended 30 June 20x4 and 20x5 are given below: Income Statements for the year ended 30 June 20x4 20x5 $000's S000's Revenue 1.159,850 1,391,820 Cost of Sales (753.450) (1.050,825) Gross profit 406,400 340.995 Operating expenses (170,950) (161,450) Profit from operations 235,450 179,545 Finance costs (14,000) (10.000) Profits before tax 221.450 169,545 Tax (66,300) (50.800) Net profit 155,150 118,745 Statements of Financial Position as at 30 June 20x4 20x5 $000's $000's Non-current assets 341.400 509,590 Current Assets Inventory 88.760 109.400 Receivables 206.550 419,455 Bank 95,400 732.110 1,038.445 Share capital 100,000 100.000 Share premium 20.000 20.000 Revaluation reserve 50,000 Retained earnings 287.420 376,165 407.420 546,165 Non-current liabilities 83.100 61,600 Current liabilities Payables 179.590 345.480 Overdraft 30.200 Tax 62.000 55,000 732.110 1,038,445 Required: Calculate the following: 1- Liquidity ratios 2- Efficiency ratios 3- Profitability ratios 4- Credit ratios