Statement of financial position as at $31$ December $2022$

Z Limited $$ Shs $$Million$$ A Limited $$ Shs $$Million$$

Non $$ Current assets:

Land and buildings $360510$

Fixtures and fittings $8791\mathrm{.}2$

$447601\mathrm{.}2$

Current assets:

Inventories $592403$

Trade receivables $176\mathrm{.}4321\mathrm{.}9$

Cash bank $84\mathrm{.}691\mathrm{.}6$

$853816\mathrm{.}5$

Total Assets $1,3001,417\mathrm{.}7$

Equity and Liabilities:

Ordinary shares $($sh $1$ each$)320250$

Retained earnings $367\mathrm{.}6624\mathrm{.}6$

Total equity $687\mathrm{.}6874\mathrm{.}6$

Non$-$ current Liabilities:

Borrowings $$ Loan notes $190250$

Current Liabilities:

Trade payables $406\mathrm{.}4275\mathrm{.}7$

Taxation $1617\mathrm{.}4$

$422\mathrm{.}4293\mathrm{.}1$

Total equity and liabilities

Income statement for the year ended $30$ June $2022$

Zalip Limited $$ Shs $$Million$$ Avela Limited $$ Shs $$Million$$

Revenue $1,478\mathrm{.}11,790\mathrm{.}4$

Cost of sales $(1,018\mathrm{.}3)(1,214\mathrm{.}9)$

Gross profit $459\mathrm{.}8575\mathrm{.}5$

Operating expenses $(308\mathrm{.}5)(408\mathrm{.}6)$

Operating profit $151\mathrm{.}30166\mathrm{.}90$

Interest payable $(19\mathrm{.}4)(27\mathrm{.}5)$

Profit before taxation $131\mathrm{.}90139\mathrm{.}40$

Taxation $(32\mathrm{.}0)(34\mathrm{.}80)$

Profit for the year $99\mathrm{.}90104\mathrm{.}60$

Additional information

$1.$ All purchases and sales were on credit

$2.$ Z limited and A limited has announced their intention to pay dividend of sh$.135$ million and shs $95$ million respectively in respect of the year $2022$

$3.$ The market value of a share in Z limited and A limited at the end of the year were shs $6\mathrm{.}50$ and sh $8\mathrm{.}20$ respectively

Required

For each business, calculate two ratios that are concerned with each of the following aspects:

i$)$ Profitability $(3$Marks$)$

ii$)$ Efficiency $(3$ Marks$)$

iii$)$ Liquidity $(3$ Marks$)$

iv$)$ Gearing $(3$Marks$)$

v$)$ Growth ratios $(3$ Marks$)$