Required: Compute the following ratios for 2022 (2 decimal places). Show your detailed supportive workings. Gross profit margin Net Profit margin Current Ratio Quick ratio 2 marks 2 marks 2 marks 2 marks V Total Asset turnover ratio 2 marks vi Average collection period of accounts receivable 2 marks Required: Compute the following ratios for 2022 (2 decimal places). Show your detailed supportive workings. Gross profit margin Net Profit margin Current Ratio Quick ratio 2 marks 2 marks 2 marks 2 marks 2 marks V Total Asset turnover ratio vi Average collection period of accounts receivable 2 marks Required: Compute the following ratios for 2022 (2 decimal places). Show your detailed supportive workings. Gross profit margin Net Profit margin Current Ratio Quick ratio 2 marks 2 marks 2 marks 2 marks 2 marks V Total Asset turnover ratio vi Average collection period of accounts receivable 2 marks Required: Compute the following ratios for 2022 (2 decimal places). Show your detailed supportive workings. Gross profit margin Net Profit margin Current Ratio Quick ratio 2 marks 2 marks 2 marks 2 marks 2 marks V Total Asset turnover ratio vi Average collection period of accounts receivable 2 marks QUESTION QUESTION 12 Marks uChampion Pte Ltd Financial statements for the years 2021-2022 are presented below Cash in hand Accounts Receivable Inventory Equipment Furniture TOTAL 2021 2022 $28 $24 31 39 38 64 115 165 66 96 278 388 Accounts Payable 38 38 Bank loan (to be repaid after 3 years) 48 63 Share Capital 140 210 Retained Earnings 52 77 TOTAL 278 388 Net Sales 260 360 Cost of Goods Sold 200 290 Operating expenses Net Profit 41 45 19 25 < < == - iv vi Required: Compute the following ratios for 2022 (2 decimal places). Show your detailed supportive workings. Gross profit margin Net Profit margin Current Ratio Quick ratio Total Asset turnover ratio 2 marks 2 marks 2 marks 2 marks 2 marks Average collection period of accounts receivable 2 marks QUESTION QUESTION 12 Marks uChampion Pte Ltd Financial statements for the years 2021-2022 are presented below Cash in hand Accounts Receivable Inventory Equipment Furniture TOTAL 2021 2022 $28 $24 31 39 38 64 115 165 66 96 278 388 Accounts Payable 38 38 Bank loan (to be repaid after 3 years) 48 63 Share Capital 140 210 Retained Earnings 52 77 TOTAL 278 388 Net Sales 260 360 Cost of Goods Sold 200 290 Operating expenses Net Profit 41 45 19 25 < < == - iv vi Required: Compute the following ratios for 2022 (2 decimal places). Show your detailed supportive workings. Gross profit margin Net Profit margin Current Ratio Quick ratio Total Asset turnover ratio 2 marks 2 marks 2 marks 2 marks 2 marks Average collection period of accounts receivable 2 marks QUESTION QUESTION 12 Marks uChampion Pte Ltd Financial statements for the years 2021-2022 are presented below Cash in hand Accounts Receivable Inventory Equipment Furniture TOTAL 2021 2022 $28 $24 31 39 38 64 115 165 66 96 278 388 Accounts Payable 38 38 Bank loan (to be repaid after 3 years) 48 63 Share Capital 140 210 Retained Earnings 52 77 TOTAL 278 388 Net Sales 260 360 Cost of Goods Sold 200 290 Operating expenses Net Profit 41 45 19 25 < < == - iv vi Required: Compute the following ratios for 2022 (2 decimal places). Show your detailed supportive workings. Gross profit margin Net Profit margin Current Ratio Quick ratio Total Asset turnover ratio 2 marks 2 marks 2 marks 2 marks 2 marks Average collection period of accounts receivable 2 marks