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i want now The financial statements for Harris Ltd are given below for the two years ended 30 June 2104 and 2015. Harris Ltd operates

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The financial statements for Harris Ltd are given below for the two years ended 30 June 2104 and 2015. Harris Ltd operates a department store in the centre of a small town. INCOME STATEMENTS FOR THE YEARS ENDE 2014 5000 Sales Revenue 2,600 Cost of Sales 1.560 Gross Profit 1,040 Expenses 730 Operating Profit 310 Interest Payable SO Profit before taxation 260 Taxation 105 Profit after taxation 155 STATEMENT OF FINANCIAL POSITION AS AT 36 2014 ASSETS $000 Non Current Assets 1.265 Current Assets Inventories 250 Trade Receivables 105 Cash at Bank 380 Total Assets 2,000 Share Capital and Reserves 1.100 Non Current Liabilities 10% Loan Notes SOO Current Liabilities Trade Payables 300 Other Payables 100 Total Capital and Liabilities 2,000 Required: Calculate the following ratios: (Use year end values and calculates ratios for both 2014 and 2015.) 1 ROCE 2. Gross Profit Margin 3. Operating Profit Margin 4 Current Ratio 5 Acid Test Ratio 6. Receivables Collection Period 7 Payablos Payment Period Inventory Turnover Period 9 Gearing Ratio 10. Interest Cover 6 di

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