Sales revenue Cost of Sales Gross profit Administration expenses Profit from operations Loan notes interest Profit before tax Tax Profit after tan M . . M . C 525,000 (446.500) 53,500 www Note: Dividends-paid (shown in SOCIE) Required: Calculate the following ratios: Return on capital employed Operating profit percentage Asset turnover (net assets] Inventory turnover Current ratio Acid test ratio Trade receivables collection period On the basis (Ctrl) - 268 period 425,000 (364,000) 78,500 (25.000) 41,000 (3,500) 50,000 (20,000) 61,000 (20,000) (3,500) 37,500 (15.000) 22,500 30,000 15,000 10,000 ation above, assess the performance of for the Statement of comprehensive income extracts 525,000 425,000 (446,500) (364,000) 78,500 61,000 (25,000) (20,000) 53,500 41,000 (3,500) (3,500) 50,000 37,500 (20,000) (15,000) 30,000 22,500 Sales revenue Cost of Sales Gross profit Administration expenses Profit from operations Loan notes interest Profit before tax Tax Profit after tax Statement of comprehensive income extracts 525,000 425,000 (446,500) (364,000) 78,500 61,000 (25,000) (20,000) 53,500 41,000 (3,500) (3,500) 50,000 37,500 (20,000) (15,000) 30,000 22,500 Sales revenue Cost of Sales Gross profit Administration expenses Profit from operations Loan notes interest Profit before tax Tax Profit after tax Statement of comprehensive income extracts 525,000 425,000 (446,500) (364,000) 78,500 61,000 (25,000) (20,000) 53,500 41,000 (3,500) (3,500) 50,000 37,500 (20,000) (15,000) 30,000 22,500 Sales revenue Cost of Sales Gross profit Administration expenses Profit from operations Loan notes interest Profit before tax Tax Profit after tax Equity & Liabilities Equity Stated Capital (1 shares) Share deals Retained earnings Total equity Non-current liabilities 7% Loan Notes Current Liabilities Trade payables Bank overdraft Current taxation Total equity & liabilities 100,000 50,000 90,000 35,000 135,000 120,000 325,000 205,000 50,000 50,000 45,000 30,000 15,000 5,000 20,000 15,000 80,000 50,000 455,000 305,000