Part B (4 marks)

The partial financial information of Flick Ltd is shown below:

	2021	2022
	$	$
Sales Revenue	650 000	600 200
Cost of Sales	474 500	422 000
Net Profit after tax	58 000	52 000
Cash	30 000	25 000
Account Receivable (net)	78 000	61 300
Inventory	36 400	97 500
Total Non-current Assets	370 800	440 700
Account Payable	45 000	30 000
Short-term notes payable	35 100	45 400
Total 5 year 10% Debentures	125 900	110 600
Share Capital	224 200	340 000
General Reserve	0	10 000
Retained Earnings	85 000	66 000

Required:

Using the above information, you are required to calculate the following financial ratios. (4 marks)

1. Profit margin for 2021_________

2. Current ratio for 2022_________

3. Return on ordinary shares equity for 2022_________

4. Debt to assets for 2022_________

(Type your response directly in the text box below.)