Additional information relating to the industry: The average P/E for the industry is currently estimated as 17. The P/E ratio of MGS is currently (at the end of 2022) 13.5 and was 12.1 at the end of 2021. The average debt ratio for the industry (long-term debt as a proportion of an entitys permanent capital) is 25% based on book values. In the current economic climate, the industry average for return on equity for the industry with which shareholders would be satisfied with is 9%.

3.1.1 Calculate and discuss the following key ratios for Matla Green Solutions that are relevant to the evaluation of its financial performance, based on the most recent financial period (2022) information provided, and compare these to prior year performance (2021 and 2020) and the industry averages provided: Return on capital employed (ROCE) Return on equity (ROE) Capital gearing ratio (using the formula: Debt/(Debt + Equity) x 100 ) P/E ratio