The following are the summarized Statement of Profit and Loss for the year ended 31 December 2019 and a Statement of Financial Position as at 31 December 2019 of Exora Enterprise, a retail trader.

Exora Enterprise

Statement of Profit and Loss for the year ended 31 December 2019

RM

RM

Sales

56,300

Less:Returns inwards

(300)

56,000

Cost of Sales

Opening inventories

5,908

Purchases

36,200

42,108

Less:Closing inventories

(6,300)

(35,808)

GROSS PROFIT

20,192

Incomes

12,410

32,602

Less:Expenses

(30,559)

NET PROFIT

2,043

Statement of Financial Position as at 31 December 2019

RM

RM

Non Current Assets

331,500

Current Assets

Inventories

6,300

Receivables

4,900

Accrued Rent revenue

800

Bank

1,500

Cash

250

13,750

Current Liabilities

Creditors

(6,250)

Accrued - Water & electricity

(250)

Prepayment - Commission received

(750)

6,500

338,000

Financed by

Capital

321,000

Net profit

2,043

323,043

Less:Drawings

(1,200)

321,843

Non Current Liabilities

Loan from bank

16,157

338,000

calculate the following ratios for Exora Enterprise:

a.Gross profit margin

b.Net profit margin

c.Current ratio

d.Quick or Acid Test ratio

e.Stock turnover ratio