The following are the financial statements of

BF

Ltd, a retailer, for last year and this year:

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(Click here to view the income statement for the year ended 31 December.)

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(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 end figures)
	operating profit margin

Question content area bottom

Part 1

BF Ltd
The ratios	Last year	This year

Return on capital employed (Round your answer to one decimal point.)

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Part 2

Return on ordinary shareholders' funds (Round your answer to one decimal point.)

enter your response here%

enter your response here%

Part 3

Gross profit margin (Round your answer to one decimal point.)

enter your response here%

enter your response here%

Part 4

Operating profit margin (Round your answer to one decimal point.)

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enter your response here%

Part 5

Current ratio (Round your answer to two decimal point.)

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Part 6

Acid-test ratio (Round your answer to two decimal point.)

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Part 7

Average inventories turnover period (Round your answer to nearest day.) (For consistency, year-end inventories figures have been used.)

enter your response heredays

enter your response heredays

=100 - FINAL EXAMINATION (MAY 2022) tl Data table 0 0 OV ap ro tr pr W W ie w Y Statement of financial position as at 31 December: Last year This year 000 000 126 165 Non-current assets Current assets Inventories 65 77 Trade receivables 80 95 3 Cash 175 340 Total assets Equity Ordinary shares of 0.50 each 16 32 Capital reserves 94 Retained earnings 142 Print 7 152 278 16 32 94 142 Done Question 12 of 40 - X Data table This question: 4 pts possible Income statement for the year ended 31 December: Last year This year 000 000 Sales revenue 543 642 (343) (411) Cost of sales Gross profit 200 231 (111) (144) Operating expenses Operating profit 89 (18) 87 (17) Interest payable Profit before taxation 71 70 Taxation (14) (14) Profit for the year 57 56 Print Done - X Time Remaining: C