The following arethefinancial statements of Molese Ltd for theyear ended $31"$ December, $20$X$2$

Statement of Profit or Loss for the Year Ended $31"$ December, $20$X$2$ N$\backslash$deg $000$

N $\text{'}000$

Sales $($Revenue$)$

$99,500$

Cost o f Sales:

Opening inventory

$15,000$

Materials

$25,500$

Labour

$16,000$

Factory overheads

$20,500$

Depreciation

$4,500$

Closing inventory

$(15,500)$

$66\mathrm{.}000$

Gross profit

$33,500$ Expenses:

Selling and administration

$12\mathrm{.}400$

Finance cost $($Interest$)$

$35,0$

$15,900$

Profit before taxation

$17,600$ Taxation

$6,500$ Profit after tax

$11\mathrm{.}100$ Statement of Financial Position asat $31$ December, $20$X$2$

Non$-$current assets:

Property, plant andequipment

Current Assets: Inventory

Trade receivables Bank

TotalAssets $$

Equities:

Ordinary share capital

Retained profit

N$\backslash$deg $000$

$15,00017,0005,000$

$45,00010,500$

N$\backslash$deg $00076,500$

$37\mathrm{.}500114,000$

$55,500$

Non$-$current Liabilities:

Loan $22,000$

Current Liabilities:

Trade payables

$23,500$ Others $13,000$

Total Liabilities

Total equityand liabilities

You are required to calculate the following: Gross profit percentage

$36,50058\mathrm{.}500$

$114,000$

$($in$)(111)($IV$)($V$)($vi$)$

$($vil$)$

$($ix$)($x$)$

$($Xi

$($Xi$1)($xiii$)$

Net profit as percentage of sales Current ratio

Acid test or quick asset ratio

Trade receivables collection period in weeks

Inventory turnover Shareholders equity ratios Times interestearned

Return on assets

Return on equity

Return on capital employed Total assets turn$-$over Non$-$current assets turn$-$over