QUESTION 1 (33 marks) The following information has been extracted from the year-end figures of Power Limited for the last 2 years: Year ended 31 March 2018 2019 $'000 $'000 Sales 200 250 Cost of goods sold 120 150 Net profit before taxation 25 40 Fixed assets -cost 150 185 - accumulated depreciation 21 45 Stock 14 20 Debtors 22 30 Creditors 20 25 Bank Bank overdraft Capital and reserves 5 140 15 150 REQUIRED: Calculate the following ratios for each of the 2 years: (a) Gross profit to sales (expressed as a %) (b) Net profit to sales (expressed as a %) (c) Return on capital employed (expressed as a %) (d) Mark-up (expressed as a %) (e) Current (in the form of x: 1) (1) Debtors collection period (expressed in days) (4 marks) (4 marks) (4 marks) (4 marks) (4 marks) (4 marks) The budgeted output for a period is 15,000 units and the budgeted time for the production of these units is 2,000 working hours. The actual working hours is 2,200 and production is 18,000 units. (g) What is the efficiency ratio? (h) What is the capacity ratio? (1) What is the production volume ratio? (3 marks) (3 marks) (3 marks) (Be sure to show the formulae and necessary workings.) Note: Calculations should be correct to 1 decimal place