Based on the information, calculate the following: (a) Gross profit ratio (b) Net profit ratio (c) Current ratio (d) acid test ratio (e) Return on capital employed

INCOME STATEMENT FOR YEAR ENDING 31 DECEMBER Year 1 Year 2 RM RM RM RM Sales 360,000 540,000 Less cost of goods sold Opening inventory 50,000 50,000 Add purchases 272,000 462,000 Goods available 320,000 512,000 Less closing inventory 50,000 270,000 80,000 432,000 90,000 108,000 Gross profit Less expenses 74,000 94,000 Net profit 16,000 14,000 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER Year 1 Year 2 RM RM RM RM RM RM NON-CURRENT ASSETS Premises 60,000 90,000 Machinery 40,000 50,000 Vehicles 20,000 120,000 20,000 160,000 Office equipment CURRENT ASSETS Inventory 50,000 80,000 Debtors/ Receivables 80,000 110,000 Bank 20,000 150,000 0 190,000 LESS CURRENT LIABILITIES Creditors/ Payables 70,000 90,000 Bank 0 70,000 80,000 20,000 110,000 80,000 TOTAL ASSETS 200,000 240,000 FINANCED BY Ordinary Shares 124,000 150,000 Reserves 76,000 90,000