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4.2 You are required to comment on the following ratios provided for 2021 and 2022. (11 marks) 2022 2021 Return on capital employed 21.87% 16.78%
4.2 You are required to comment on the following ratios provided for 2021 and 2022. (11 marks)
| 2022 | 2021 |
Return on capital employed | 21.87% | 16.78% |
Acid test ratio | 0.84:1 | 1.34:1 |
Creditor payment period | 20 days | 59 days |
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