--- future earnings growth 15 the confidence the market has in the company 18 Question 12 (5 points) The calculation for the Asset Utilization ratio is: Sales/Capital Employed Sales/Total assets x 100 Capital Employed/Sales x 100 Total Assets/Sales Question 13 (5 points) FINANCIAL & BUSINESS ANALYSIS - ASSESSMENT 1 TEST VERSION A. February 2020 (time limit 50mins is the scope of the Test, but you will have 1 hour) Company has produced the following accounts for 2018 and 2019: 2018 '000 2019 '000 Income Statement 112.500 115,000 18.000 19.500 94,500 95,500 Sales (Revenue) Cost of Sales Gross Profit Expenses Admin, Selling & Distn Operating Profit Interest Payable Corporation Tax Profit after Tax Dividends Retained profit for the Year 3.800 4.200 90,700 91,300 200 200 1.500 1.600 89,000 89,500 2.000 3.500 87.000 86,000 2018 '000 2019 '000 Statement of Financial Position Non Current Assets 123.000 209,150 Current Assets Inventories (Stock) Debtors (Receivables) Bank 1,100 600 1.000 2.700 1,400 10.400 800 12,600 Current Liabilities Creditors (Payables) Accruals 1.800 200 2.000 12,000 50 12.050 123,700 209,700 Total Assets Less Current Liabilities Non Current Liabilities 10% Loan 2.000 2.000 121,700 207,700 NET ASSETS Equity 50p Ordinary Shares Retained Profits Reserves ) 6,000 6,000 115,700 201,700 121,700 207,700