Question 1 You are presented with the following summarizes the accounts for Tridilum Enterprise. Tridilum Enterprise - Statement of Profit or Loss for the year ended 31 May 20X5 $000 Revenue 160 Cost of Sales (100) 60 Gross Profit Distribution & administrative expenses (35) 25 Profit from operations Finance Cost (5) Profit before tax 20 Tax expense (10) Net profit for the period 10 Tridilum Enterprise - Statement of Financial Position as at 31 May 20X5 S000 $000 Assets Non-current assets 150 Current assets Inventories 45 Trade receivables 25 Cash and Bank 5 75 Total assets 225 Equity and liabilities Capital and reserve $1 Ordinary shares Reserve 100 30 130 Non-current liabilities 10% loan notes 50 30 Current liabilities Trade payables Taxation Dividends (for the year) 10 5 45 Total equity and liabilities 225 9.8 The ratio values for Tridilum Enterprise for 20x3 and 2084 are as follows: Ratio Historical data 20X3 20X4 Return on equity (%) 10.2 Gross profit margin (%) 30.4 34.7 Net profit margin (%) 19.3 17.7 Quick ratio 1.5 1.1 Receivable collection period (days) 32 44 Earnings per share (cents) 18 13 Required: (a) Calculate the following ratios for Tridilum Enterprise for the year ended 31 May 20X5. State clearly the formula used for each ratio. (i) Return on equity (%) (ii) Gross profit margin (%) (iii)Net profit margin (%) (iv)Quick ratio (v) Receivable collection period (days) (10 marks) (b) Using the additional information given and the ratios you calculated in part (a), comment on the financial performance of Tridilum Enterprise. (10 marks)