Question 1 SCE Corporation Statement of Financial Position (Extract) at 31 December 2022 2023 Current Assets $'000 $'000 Cash 84 0 98 0 Accounts Receivable 165 0 188 0 Inventory 393 0 422 0 Total Current Assets 642 0 708 0 Current Liabilities Accounts Payable 312 0 344 0 Notes Payable ( 1 Year) 231 0 196 0 Total Current Liabilities 543 0 540 0 Long Term Debt 531 0 457 0 Total Liabilities 1,074 0 997 0 Share Capital Ordinary share of $1 500 0 550 0 each Retained Earnings 1,799 0 2,041 0 Total Owner's Equity 2,299 0 2,591 0 Total Liabilities and Equity 3,373 0 3,588 0 Income Statement (extract) for the year ended 31 December 2022 2023 $'000 $'000 Sales 2,311 00 2,872 00 Cost of Goods Sold 1,344 00 1,685 00 Gross Profit 967 00 1,187 00 Depreciation 691 00 785 00 Earnings Before Interest Taxes 276 00 402 00 Interest 141 00 120 00 Earnings Before Taxes 135 00 282 00 Net Income (Profit) 89 00 186 00 Additional information The market price of SCE Corporation's common stock was $2 20 and $3 45 for 2022 and 2023 respectively Required Compute the following ratios for 2020 and 2023 b) i) Current ratio ii) Quick ratio iii) Receivables collection period iv) Inventory turnover ratio v) Debt to asset ratio vi) Time interest earned ratio vii) Price earnings ratio viii) Net profit ratio ix) Gross profit ratio ) Return on equity Based on the ratios calculated in (a), discuss briefly the company's overall performance such as short term and long term solvency, management efficiency and market strength of SCE Corporation

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Question 1 SCE Corporation Statement of Financial Position (Extract) at 31 December: 2022 2023 Current Assets $'000 $'000 Cash 84.0 98.0 Accounts Receivable 165.0

Question 1 SCE Corporation Statement of Financial Position (Extract) at 31 December: 2022 2023 Current Assets $'000 $'000 Cash 84.0 98.0 Accounts Receivable 165.0 188.0 Inventory 393.0 422.0 Total Current Assets 642.0 708.0 Current Liabilities Accounts Payable 312.0 344.0 Notes Payable (

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