The following are the financial statements of PD 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 return on ordinary shareholders' funds gross profit margin current ratio acid-test ratio inventories turnover period (based on year end figures) operating profit margin The ratios Data table PD Ltd Last year This year Return on capital employed (Round your answer to one decimal point.) % % Statement of financial position as at 31 December: Data table Last year This year 000 000 115 158 Non-current assets Return on ordinary shareholders' funds % % Current assets (Round your answer to one decimal point.) Inventories 69 Income statement for the year ended 31 December: Last year This year 000 000 82 Trade receivables 78 99 Sales revenue 522 630 Gross profit margin % 12 4 Cash Cost of sales (342) (435) (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.) 159 185 Gross profit 180 195 Total assets 274 343 Operating expenses (103) (137) % % Equity Operating profit 77 58 (15) (22) Ordinary shares of 0.50 each 8 8 Interest payable Capital reserves 37 37 Profit before taxation 62 36 96 96 Taxation (12) (7) Retained earnings 141 141 Profit for the year 50 29 Acid-test ratio (Round your answer to two decimal point.) Non-current liabilities 56 74 Bank loan Current liabilities Print Done Average inventories turnover period days days Trade payables (Round your answer to nearest day.) Taxation (For consistency, year-end inventories figures have been used.) 70 128 7 0 77 128 Total equity and liabilities 274 343