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3 The following information relates to the business of One Beauty, and the owner is concerned about the profitability and financial structure of his business
3 The following information relates to the business of One Beauty, and the owner is concerned about the profitability and financial structure of his business at 30 June 2022, especially since the bank is requiring repayment of the business's overdraft. Revenue (sales on credit) Cost of sales 30 June 2022 $ 70 000 30 June 2021 Other expenses 49 750 18 250 Cash and cash equivalents (16 000) Inventories 27 250 18 500 Trade accounts receivable (net) 25 000 14 000 Non-current assets (net) 38 500 Trade accounts payable 9 250 B. Beauty, capital 54 000 60 000 Non-current liabilities 11 500 Required (a) Calculate the following ratios for 2022: Profit Margin i. ii. Return on Proprietor's Capital iii. Current Ratio iv. Quick Ratio V. Inventory Turnover
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