a drive.google.com @ Apps f PS Session 1 Exercises.pdf Balance Sheet Open with as at September 30, 2010 2009 (in $ thousands) Current assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Total assets Current liabilities Shareholders' equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 4 960 500 1,464 1,860 3.324 8 750 400 1,158 1,900 3,058 450 390 1,766 1,108 2,874 3,324 1,650 1,018 2,668 3,058 Required: Using six ratios, comment on the profitability (three ration and efficiency (three ratios) of the business as revealed by the financial statements. A Page e illerdis 14) interSt Qaxet Troe here in carh 4.18 The financial statements of Helena Beauty Products Ltd. are presented below. Helena Beauty Products Ltd. Income Statements for the year ended September 30, 2010 (in $thousands) 3,840 2009 3,600 Sales (all on credit) Less: Cost of goods sold: Opening inventory Plus: Purchases Goods available for sale Less: Closing inventory Cost of goods sold Gross profit Less: Expenses Net income 400 2,350 2,750 500 320 2,240 2,560 400 2.250 1.590 1,500 90 2.160 1,440 1,360 80