PART II

The following details relate to the accounts of Yankee Ltd for the year ended $31$ October

$2023$:

Additional information:

The value of closing inventory as at $31$ October $2023$ was $$64,000.$

The market price of an ordinary share on $31$ October $2023$ was $$0\mathrm{.}65$

$($a$)$ Calculate the following ratios $($use $2$ decimal places, where necessary$)$:

$($i$)$ Gross profit margin

$($ii$)$ Profit margin

$(2$ marks$)$

$($iii$)$ Return on capital employed

$(2$ marks$)$

$($iv$)$ Acid test

$(2$ marks$)$

$($v$)$ Current ratio

$(3$ marks$)$

$($vi$)$ Dividend yield

$(3$ marks$)$

$($vii$)$ Price earnings ratio

$(3$ marks$)$

$($vii$)$ Gearing

$(3$ marks$)$

$(3$ marks$)$

$($b$)$ Discuss the main limitations of ratio analysis

SECTION B

ANSWER ANY TWO $(2)$ QUESTIONS

QUESTION $2[30$ MARKS$]$

The following receipts and payments account of Rangers Club for the year ended $31$

October $2023$ was as follows: