QUESTION 13 The following information is given for two businesses in the same industry for the year ended 30 June 208 : All purchases and sales were on credit. Required Prepare a summarised trading and profit and loss account for the year ended 30 June 208 for each business. Prepare a summarised balance sheet at 30 June 208 for each business. ACCOUNTING RATIOS Required Calculate the following ratios for each business: a) gross profit margin b) net profit margin c) return on capital employed d) overheads in relation to turnover ratio e) rate of stock turnover f) net current asset ratio g) liquid capital ratio h) debtors' collection period i) creditors' payment period