3. The following information was obtained from the books of De Ville Id Condensed statement of profit or loss for the year ended September 30, 2009 2010 SM SM SM SM Tumover 490.00 58500 Gross profit 17.50 21.10 Interest 1.981 1.98) Protit before tax 15.52 19.12 Tax (4.65) (574) Profit after tax 10.87 13 38 Dividends Ordinary 2 30 2.40 Preference 008 239) 0.08 (248) Profit for the year 849 10.90 Retained earnings bld 22.90 29.70 Retained earnings old 31.39 40.60 Market price per share 1. SO 1.75 Condensed statement of financial position as at September 30, 2009 2010 SM SM Non-current assets 7.92 14.22 Net current assets 54.17 57.08 Total assets less current liabilities 62.09 71 30 Capital and reserves Ordinary shares @ $0.25 8% Preference shares @ $1 each Retained earnings Non-current liabilities 9.90 1.00 31 39 9.90 1.00 40.60 19.80 6209 19.80 7130 Required: Calculate and comment on the following ratios: (a) gearing, (b) return on equity. (c) EPS, (d) times interest earned, (e) market to book value ratio