Please calculate Stock Turnover ratio, asset turnover ratio and working capital ratio.

Assessment Task 3 Question 1 Sabena Cheung has extracted the following information from her accounts: Trading and Profit and Loss Account for the year Ended 31 December 2012 $ Sales Less: Cost of Sales Opening Stock Add Purchases Less Closing Stock Gross Profit Less Expenses Net Profit $ 210 000 30 000 80 000 110 000 20 000 90 000 120 000 100 000 20 000 Other Information Fixed Assets Current Assets (including short term debtors) Closing Capital Current Liabilities (including short term creditors Debtors - Short Term Debtors - Total Creditors Creditors - Total 31.12.2011 $ 25 000 45 000 280 000 26,000 31.12.2012 $ 35 000 50 000 300 000 30,000 22 000 31,000 18 000 26,000 24 000 39,000 20 000 35,000 Required: Calculate and comment on the following profitability and efficiency ratios: (a) (b) (c) (d) (e) (f) (g) (h) (i) Return on capital employed Gross profit ratio Net profit ratio Debtors collection period Creditors collection period Stock turnover ratio Asset turnover ratio Working Capital ratio Acid Test (Quick Ratio)