b) Based on the ratios calculated, provide an overview of the changes in the financial position and operating results from 2016 to 2017

Question 3 (20marks) Subway LTD Statement of financial position as at 30 June 2017 2017 Cash Recebles et Other current assets SO OOC Investment Plant and equipment 400 000 2090 520000 000 85 000 Tood 2015 $18000 4 000 64000 45 000 358 000 370 000 Currentes Long-term debit Share capital. 510 each Retained emings SGD 880 od 5533 000 $80 000 $70 000 50 000 340 000 300 od 300 000 se od 125000 113 000 Sep 00 5590.000 $533.000 Subway LTD Statement of profit or loss for the years ended 30 June Sales Less: Sales returns and allowances Nel sales Cost of sales Gross profit Operating expenses (including income tad Profit 2016 5740 000 5700 000 20 000 50 000 5700 000 5650 000 42000 400 000 200 000 5200 000 235.000 218 000 Additional information: 1. The market price of Sub Ltd's shares was $4.00 at 30 June 2015, $5.00 at 30 June 2016 and $7.95 at 30 June 2017. 2. All dividends were paid in cash. On 1 January 2016, 4000 ordinary shares were issued. Required: Calculate the ratios listed in the table provided in the next page for Subway Ltd for 2017 and 2016. Type the answer in the below table. Show computations. (14 marks) [Answer here) Ratio 2017 2016 a. Profit margin Gross profit margin c. Asset mover Earnings per share le Price earnings ratio Dividend payout rate Debt to total assets ratio [Show workings here]