Required

Calculate the following ratios for 2019:

1. return on assets

2. return on ordinary equity.

3. profit margin

4. debt ratio

5. times interest earned.

The following information has been extracted from the financial statements and notes thereto of B&D Ltd, consultants.

		2019			2018
Services revenue Interest expense Income tax expense Profit Preference dividends Total assets Total liabilities Preference share capital Ordinary share capital Retained earnings	$580 000 23 000 44 600 52 500 2 800 540 000 300 000 62 000 110 000 68 000			$575 000 26 500 53 000 56 100 2 800 555 000 330 000 62 000 100 000 63 000

1	return on assets
2	Return on ordinary equity
3	Profit margin
4	Debt ratio
5	Times interest earned