Hello, this is the only information my teacher gave, please work on the problems that are possible with the available information, the one's that cannot be worked please note below the question. The teacher did not provide the balance sheet. Thank you.

Electricity Ltd is an expanding private company in the electric trade.

Accounts prepared in January 1991 include the following information

Profit statement for the year ended 31^st December

	1989	1990
	f	f
Sales	2000	3200
Less: cost of goods sold	1100	1800
Gross profit	900	1400
Less: Trading expense : Trading profit	450 450	550 850
Less: Debenture interest	25	25
Net profit before taxation	425	825
Less: Corporation tax	160	320
Net profit after taxation	265	505
Less: Ordinary share dividend	125	175
Undistributed profit for the year	140	330

Required;

Computation of the following accounting ratios;

1. Return on capital
2. Assets turnover
3. Gross profit percentage
4. Net profit percentage
5. Current ratio
6. Quick/acid test ratio. (10 Marks)