the following information relates to shilongo limited

income statement for the year ended 31 December 2009 and 2008 for shilongo

2009 2008

sale(all credit) 35 000 000 30 000 000

cost of sales -23 000 000 -20 000 000

gross profit 12 000 000 10 000 000

operating expenses -5 100 000 -4 000 000

distribution cost 2 000 000 1 500 000

administration expenses 3 100 000 2 500 000

operating profit 6 900 000 6 000 000

finance costs -400 000 -500 000

profit before tax 6 500 000 5 500 000

income tax -1 500 000 -1 500 000

net profit after tax 5 000 000 4 000 000

Balance sheets the year 2009 and 2008

assets 2009 2008

non- current assets 20 000 000 18 000 000

property,plant and equipment 20 000 000 18 000 000

current assets 12 000 000 12 000 000

inventories 6 000 000 6 000 000

account receivable 5 000 000 4 000 000

cash and cash equivalents 1 000 000 2 000 000

total assets 32 000 000 30 000 000

owners equity and liabilities

owner s equity 20 000 000 18 000 000

ordinary share capital (1 rand per share) 10 000 000 10 000 000

retained earnings 10 000 000 8 000 000

non current liabilities 4 000 000 6000 000

current liabilities 8 000 000 6 000 000

accounts payable 8 000 000 6 000 000

total owners equity and liabilities 32 000 000 30 000 000

calculate the following ratios for shilongo limited for 2009

(a) gross margin

(b)operating margin

(c) profit margin

(d) return on assets

(e) return on capital employed

(f) Return on equity

(g) current ratio

(h) acid test ratio

(i) Debt to assets

(j) Debt to equity