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rcise: Ratio Ana is The condensed financial statements of ABC Company for the years 2014-2015 are presented below ABC Company Comparative Statement of Financial Position As of December 31, 2015 and 2014 Plant and equipment Accumulated depreciation Inventories Accounts Receivable (net) Cash Share capitalordinary ($10 par) Retained earnings Bonds payable Dividends payable Accounts payable Additional data: Market value at 12/31/15 is $80 per share. 2015 (260.000) 380,000 460.000 $ 420.000 1 ,520.ooo 540,000 400,000 E_240.OOQ 2014 1,112.000 (192,000) 340,000 300.000 $ 120.000 1,200.000 280,000 40,000 ABC sold 32,000 ordinary shares of at par on July 1 , 2015. ABC Company Condensed Income Statement For the Year Ended December 31 , 2015 Sales Cost Of goods sold Gross profit Administrative and selling expenses Net income Instructions 1 600 000 800,000 500 000 Compute the following financial ratios by placing the proper amounts in the parentheses provided for numerators and denominators C. d. e. g. h. current ratio at 12/31/15 Acid test-ratio at 12/31/15 Accounts receivable turnover in 2015 Inventory turnover in 2015 Profit margin on sales in 2015 Earnings per share in 2015 Return on ordinary share capital - equity in 2015 Debt to assets at 12/31/15 Exercise: Ratio Anal is Both Cascade Plc and Digitalised Plc operate electrical stores. The financial statements of each business for the year ended 30 June 2017 are as follows: Income Statement for year ended 30 June 2017 Net Sales revenue Cost Of goods sold Gross profit Operating expenses I expense Income Tax Net income for the year Cascade Plc Em 1478.1 (1018.3) 459.8 (30:5) 151.3 (19.4) 131.9 Digitalised Plc Em 1790.4 (1214.9) 575.5 (408.6) 166.9 (27.5) 139.4 Statement of Financial Position as at 30 June 2017 Cascade Plc Digitalised Plc Non-current assets Current assets: Inventory Accounts receivable Cash Current liabilities: Accounts payable Other payables Noncurrent liabilities: Bonds Equity: Ordinary shares Of El each Retained earnings Required: Em 447.0 592.0 176.4 84.6 8530 (406_4) (16.0) (190.0) 320.0 367.6 Em 6012 403.0 321.9 91 .6 816.5 (275.7) (17.4) (250.0) 250.0 624.6 (a) (b) Using the data above, calculate the following ratios for both Cascade Plc and Digitalised (iii) (iv) (V) Return on Equity; profit margin; Current ratio; Acid test ratio; accounts receivable turnover (in times and days); debt to asset ratio Using the results obtained from (a) above, and any Other information you feel appropriate, analyse and contrast the financial performance for both companies in 2017.