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Question 2 The following information of Aurelia Limited is given below: Ie Statements for the years ended: 2021 2020 $000 $000 Sales 280.000 160.000 Cost

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Question 2 The following information of Aurelia Limited is given below: Ie Statements for the years ended: 2021 2020 $000 $000 Sales 280.000 160.000 Cost of goods sold (97.600) [62.000] Gross prot 182.400 98.000 Less: Operating expenses (65.000! {47,700} Net income 11?.400 50.300 Aurelia Limited Statements of Financial Position gs 2021 2020 $000 $000 Plant and Equipment at net book value 180.000 110.000 Closing Inventory 50.000 30.000 Trade receivables 45.600 23.000 Cash 21.100 13.650 Total assets 296:700 176.650 Equity: Share Capital 80.000 80.000 Retained earnings 167.700 50,300 Total equity 247.?00 130.300 Liabilities: Trade payables 48.000 45.810 Accruals 1.000 540 Total liabilities 49.000 46.350 Total liabilities and equity 296:700 176.650 Required: a. Calculate the following ratios for each of the 2 years: i. Gross Prot Margin. [4 marks] ii. Net Prot Margin. [4 marks] iii. Current Ratio [4 marks]

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