Required:

For each year, calculate the following ratios and in each case

comment on the profitability, solvency, liquidity and efficiency position of

the company using the appropriate ratios giving a possible reason for the

change.

$($i$)$ Gross profit margin

$($ii$)$ Inventory turnover

$($iii$)$ Return on equity

$($iv$)$ Debt to assets ratio

marks$)$

$($v$)$ Return on capital employed

marks$)$

$($vi$)$ Acid test ratio

marks$)$

$($vii$)$ Debt to equity ratio

marks$)$

$($viii$)$ Capital gearing ratio

marks$)$

$(2$ marks$)$

$(2$ marks$)$

$(2$ marks$)$