Calculate the following ratios for FOCAL Holdings using the 2017 financial statements provided. Show all working, all answers to at least 3 decimal places. a Net Profit Margin b Total Asset Turnover c Times Interest Earned d Return on Assets (ROA) e Calculate ROE using the DuPont Equation Single line

consolidatedfinancialstatements FOCOL HOLDINGS LIMITED 13 FOCOL HOLDINGS LIMITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF JULY 31, 2018 (Expressed in Bahamian dollars) 2018 2017 ASSETS $ CURRENT ASSETS: Cash (Note 5) Term deposits Accounts receivable, net (Notes 7 and 20) Inventories (Note 6) Investments (Note 8) Prepaid expenses and sundry assets (Notes 9 and 20) Total current assets 14,302,708 $ 2,761,677 44,271,882 25,279,579 23,168,925 2,737,251 30,157,336 15,801,083 350,500 3,412,583 75,627,678 3,807,178 90,423,024 NON-CURRENT ASSETS: Property, plant, equipment and investment property, net (Note 10) Goodwill and intangible assets (Note 11) Investment in associate (Note 13) Due from associate (Note 20) 90,953,388 12,607,139 13,025,254 38,044 88,098,545 13,189,997 11,300,955 14,870 Total non-current assets 116,623,825 112,604,367 TOTAL ASSETS $ 207,046,849 $ 188,232,045 (Continued) See notes to consolidated financial statements. FOCOL HOLDINGS LIMITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF JULY 31, 2018 (Expressed in Bahamian dollars) 2018 2017 LIABILITIES AND EQUITY $ CURRENT LIABILITIES: Bank overdraft (Note 5) Accounts payable and accrued liabilities (Notes 14 and 20) Dividends payable Current portion of long-term debt (Note 15) Total current liabilities NON-CURRENT LIABILITIES: Due to associate (Note 20) Long-term debt (Note 15) Total non-current liabilities 983,427 $ 24,056,286 2,033,589 1,610,651 28,683,953 15,472,676 2,033,589 1,666,668 19,172,933 2,227,222 910,416 494,349 2,714,250 3,137,638 3,208,599 Total liabilities 31,821,591 22.381,532 EQUITY: Share capital (Note 16) Treasury shares (Note 16) Preference shares (Note 16) Contributed capital (Note 16) Retained earnings Total equity 84,733 (734,180) 500,000 53,913,353 121,461,352 84,733 (279,285) 500,000 53,913,353 111,631,712 175,225,258 165,850,513 TOTAL LIABILITIES AND EQUITY $ 207,046,849 $ 188,232,045 (Concluded) See notes to consolidated financial statements. These consolidated financial statements were approved by the Board of Directors on January 30, 2019, and are signed on its behalf by: Mid All Director Director FOCOL HOLDINGS LIMITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME YEAR ENDED JULY 31, 2018 (Expressed in Bahamian dollars) 2018 2017 REVENUE (Note 23) $ 318,002,171 $ 289,615,793 COST OF SALES (Note 20) (246,889,363) (215,569,498) 71,112,808 1,724,299 430,264 74,046,295 1,543,020 3,380,717 Gross profit Equity income (Notes 13 and 20) Other income (Notes 20 and 27) Marketing, administrative and general expenses (Notes 17, 19 and 20) Depreciation and amortization expense (Note 12) Finance costs Unrealized gain on investments (Note 8) Realized gain on investments (Note 8) PROFIT AND COMPREHENSIVE INCOME FOR THE YEAR (41,770,030) (6,233,594) (324,572) (41,337,173) (6,961,973) (417,133) 30,500 92,000 $ 25,031,175 $ 30,284,253 Basic and diluted earnings per share (Note 18) $ 0.22 $ 0.27 See notes to consolidated financial statements