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AEC Ltd reported the following information in its financial statements: The company does not have any inventory on hand in 2021 or 2022 but has
AEC Ltd reported the following information in its financial statements: The company does not have any inventory on hand in 2021 or 2022 but has total prepaid expenses amounting to $51,400 in 2021. Required: Using the above information calculate the following financial ratios to two decimal places. Provide a formula and show your workings for each ratio. a) Gross profit margin for 2022 (1 mark) b) Debt to assets for 2022 ( 1 mark) c) Quick Ratio for 2021 (1 mark) d) Return on Ordinary Shareholders Equity for 2022 (1 mark)
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