Industry averages -2021 Socks & Gizmo Limited 2020 Gross profit margin ratio 60.00% 62.00% 9% 10.00% 16% 17% 0.6 0.61 Return on sales (net profit margin) Retum on total assets Debt ratio Current ratio Asset turnover Quick Ratio Eamings per share Dividend Yield 1.5 1 1.4 1.4 0.8 6.3 0.09 0.1 Required: 1 Calculate 12 ratios for the year ended October 31, 2021 for Socks & Gizmo Limited using the ratio sheet provided below. You may calculate any 12 you wish. 2 Discuss 4 ratios calculated in part 1 3. Based on the ratios you discussed in Part 2 would you be willing to give Socks & Gizmo Limited a short term loan? Why or why not? 1. Gross profit margin ratio Gross profit Net sales Income from operations 2. Operating profit ratio Net sales Not income 3Rotum on sales (Not profit margin ratio Net Sales Net 4 Sales to Total ansato (Assettorato Average total asset Rotunnon total Industry averages -2021 Socks & Gizmo Limited 2020 Gross profit margin ratio 60.00% 62.00% 9% 10.00% 16% 17% 0.6 0.61 Return on sales (net profit margin) Retum on total assets Debt ratio Current ratio Asset turnover Quick Ratio Eamings per share Dividend Yield 1.5 1 1.4 1.4 0.8 6.3 0.09 0.1 Required: 1 Calculate 12 ratios for the year ended October 31, 2021 for Socks & Gizmo Limited using the ratio sheet provided below. You may calculate any 12 you wish. 2 Discuss 4 ratios calculated in part 1 3. Based on the ratios you discussed in Part 2 would you be willing to give Socks & Gizmo Limited a short term loan? Why or why not? 1. Gross profit margin ratio Gross profit Net sales Income from operations 2. Operating profit ratio Net sales Not income 3Rotum on sales (Not profit margin ratio Net Sales Net 4 Sales to Total ansato (Assettorato Average total asset Rotunnon total