Overheads (operational) Capital is defined as stockholder equity and the firm is all equity financed. Required b. For the year 2021 and 2022, compute the above ratios you have identified. (10 marks) Question four The following is available from the books of Mars limited, a foreign subsidiary of a Canadian company. Mars limited Income statement for the period ended 3 15 December 2022 F.000 F.000 12000 Sales Cost of sales Purchases 8500 Ending inventory 1500 Gross Margin 5000 Depreciation expenses 1000 Other operating expenses 2000 3000 Operating income 2000 Tax expense 500 Net income 1500 Dividends 500 Retained earnings 1000 Mars limited Statement of Financial Position as on 31sr December,2022 Assets F'000 Cash 500 Accounts receivable 2000 Inventory 1500 Land 2000 Building and Equipment 10000 Depreciation 1000 9000 Total assets 15000 Liabilities and Stockholders' Equity Accounts Payable 2500 Other current liabilities . 1000 Long term liability 5500 Total liabilities 9000 Paid in capital 5000 Retained earnings 1000 Total liabilities and stock holders' equity 15000 Additional information a) French Subsidiary started operating at the beginning of January 2022 b) The exchange rate on 31st December,2023 was F.4.5 to Canadian dollar c) The ending inventory was purchased when the exchange rate was F.4.65