Below are the financial statements for T for the years ended 30 June 2010 and 2011 Income statements 2010 S000 2011 $000 Revenue Cost of sales Gross profit Operating expenses Profit from operations Finance costs Profit before tax 150 000 160.000) 90 000 (28 500) 61 500 (10 000) 51500 (13.600) 3720 10000 195.000 115 000 89.900) 75 100 (12000 63,100 (17300 45.800 Net profit Dividends of $25m were paid to shareholders in each year. Balance sheets 2010 $ 000 2011 $000 190,000 286. 200 Property, plant and equipment Current assets Inventory Receivables Bank 15.000 49 300 12 000 37 500 500 240.000 10 000 4.000 330 500 12.000 5000 Share capital Share premium Revaluation reserve Retained earnings 30 000 78.900 92.900 9700 146 700 Noncurrent liabilities Low 125,000 150,000 Current liabilities Trade payables Overdratt Taxation 10,600 11500 240,000 11.700 9100 13.000 330.500 Required: Calculate the following ratios for both years 1) Gross profit margin 2) Operating profit margin 3) Net profit margin 4) ROCE 5) Asset utilization (Revenue Capital employed) 6) Current ratio 1) Quick ratio 8) Inventory holding period 9) Receivables collection period 10) Payables payment period