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The following are the financial statements of Colmar Ltd, a retailer for last year and this year. Click here to view the income statement for the year ended 31 December) Click here to view the statement of financial position as at 31 December.) Required: Calculate the following accounting ratios for both years: return on capital employed current ratio return on ordinary shareholders' funds acid-test ratio gross profit margin inventories turnover period (based on year and figures) operating profit margin Colmar Ltd The ratios Last year This year Retum on capital employed Round your answer to one decimal point.) Return on ordinary shareholders' funda Round your answer to one decimal point.) Gross profit margin Round your answer to one decimal point.) Operating profit margin (Round your answer to one decimal point) Current ratio (Round your answer to two decimal point.) Acid-test ratio Round your answer to two decimal point) Average inventories turnover period KRound your answer to nearest day.) days days Statement of financial position as at 31 December: Last year This year foon fon 110 125 Non-current assets Current assets Inventories 68 83 Trade receivables 80 96 6 Cash 2 154 181 264 306 Total assets Equity Ordinary shares of 0.50 each Capital reserves Retained earnings 13 13 33 33 84 84 130 130 Non-current liabilities 55 60 Bank loan Current liabilities Trade payables Taxation 71 116 8 79 116 Total equity and liabilities 264 306 Income statement for the year ended 31 December Last year This year 8000 E000 Sales revenue 499 802 (335) Cost of sales (422) Gross profit 164 179 (127) (148) Operating expenses Operating profit 37 31 (13) (22) Interest payable Profit before taxation 24 (8) Taxation Profit for the year 10