in Menum on Cimital Erpoyed pioct? C. Maset Jiererer Palis 4. Ancwivilit (Petitar) thas Auto E. Iinventory (Bitsek) Tumere Mate f. Guas Pnute shergen 1. Study the 2017 financial statements (on page 6) of two firms, Marshalls Inc. and Security Solutions (who are fierce competitors), and then calculate the following ratios so that you can make inter-firm comparisons. To get a higher grade, make sure that for each ratio you show its respective formula and workings/calculations [arrange the ratios in a table]. a. Return on Capital Employed (ROCE) b. Net Profit Margin (Profit in Relation to Turnover) c. Asset Turnover Ratio d. Receivable (Debtor) Days Ratio e. Inventory (Stock) Turnover Ratio f. Gross Profit Margin g. Drawing upon all your knowledge of accounting and based on your calculations above: i. Which firm was the most efficient? Give possible reasons. ii. Which firm was the most profitable? Give possible reasons. Sales Less: Cost of Goods Sold Opening Stock Purchases Less: Closing Stock 87,400977,400890,000(48,800)1,071,400(928,600) Less: Expenses Net Profit Marshalls Inc. Security Solutions Non-Current Assets Factory Building Fixtures and Fittings Vans Machinery 1,625,000 1,602,000 Current Assets \begin{tabular}{lr} Inventory & 48,800 \\ Accounts Receivable & 75,000 \\ Cash at Bank & 210,000 \\ Cash on Hand & 28,845 \\ \hline \end{tabular} Current Liabilities Accounts Payable Working Capital Net Assets 1,840,145215,145(147,500) \begin{tabular}{rr} 90,000 \\ 83,000 & \\ 457,000 & \\ 54,000 \\ \hline 684,000 & \\ \hline(186,100) & \\ \hline & 497,900 \\ \hline & 2,099,900 \\ \hline \end{tabular} Owner's Equity (Financed by)