1. Calculate the missing figures and complete the colored blank cells in the financial statements below. BALANCE SHEET AS AT 31.12. (Ksh. Million)

Fixed assets:	Asembo		Buuri
Buildings at cost	300		440
Acc. Depreciation		45	220	220
Equipment at cost	140		180
Acc. depreciation	-119			90
Current assets:		66
Stock	200		240
Debtors			140
Bank	4	409	2
Current liabilities:
Creditors		-245		-252
				440
Financed by:
Capital accounts:
Opening balance		240		430
Net profit		60
		300		520
Drawings				-80
		230
Trading and Profit and Loss accounts
Sales		1800
Cost of goods sold		1400		2290
Gross profit		400		410
Less: Depreciation			40
Other expenses	318	340	280	320
Net profit		60		90

2. Calculate the required key ratios and appropriately complete the colored cells below.

Key Ratios
	Asembo	Buuri
(i) Gross profit on sales
(ii) Net profit ratio
(iii) Expenses to sales
(iv) Stock turnover
(v) ROCE
(vi) Current ratio
(vii) Acid test ratio
(viii) Debtors to sales ratio

3. Conduct vertical analysis of both the income statement and balance sheet position and comment on the results.