Instructions Calculate the following ratios from the given Financial Statements. 1. Gross Profit Ratio 2. Operating Ratio 3. Operating Profit Ratio 4. Salaries Expense Ratio 5. Net Profit Ratio 6. Return on Investment 7. Return on Capital Employed 8. Capital Turnover Ratio 9. Current Ratio 10. Liquid Ratio 11. Fixed Asset Ratio 12. Debt Equity Ratio INCOME STATEMENT Particulars Amount Income 248,320 Fee Revenue 248,320 Expenses Cost of Sales: 127,710 Wages and Salaries 89,400 Electricity Expense 17,010 Supplies Expense 21,300 Gross Profit: 120,610 Operating Expenses: 70,110 Depreciation Expense - Bowling Equipment 20,100 Depreciation Expense - Building 9,630 Insurance Expense 17,040 Interest Expense 14,510 Council Rates Expense 8,830 Operating Profit: 94,740 Profit: 50,500 BALANCE SHEET Particulars Amount Assets Current Assets: 53,820 Cash at Bank 8,660 Accounts Receivable 19,360 Accrued Revenue 7,860 Supplies 11,070 Prepaid Insurance 6,870 Non Current Assets: 491,710 Bowling Equipment 230,790 Accumulated Depreciation - Bowling Equipment -85,290 Building 400,990 Accumulated Depreciation - Building -54,780 Total Assets: 545,530 Liabilities Current Liabilities: 80,350 Accounts Payable 58,650 Interest Payable 7,100 Wages and Salaries Payable 3,620 Unearned Fees Revenue 10,980 Non Current Liabilities: 233,700 Loan from XYZ Bank Ltd 233,700 Total Liabilities: 314,050 Equity B. Awls Capital 270,980 Retained Earnings -39,500 Total Equity: 231,480