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The partial financial statements of Smart Brain Ltd appear below: 2021 2020 $ $ Sales Revenue 700 200 650 000 Cost of Sales 422 000

The partial financial statements of Smart Brain Ltd appear below:

2021

2020

$

$

Sales Revenue

700 200

650 000

Cost of Sales

422 000

474 500

Net Profit after tax

82 000

58 000

Total Current Assets

161 300

144 400

Total Non-current Assets

440 700

370 800

Total Current Liabilities

75 400

80 100

Total 5 year 10% Debentures

110 600

125 900

Share Capital

340 000

300 000

General Reserve

10 000

10 000

Retained Earnings

175 000

95 000

The company does not have any inventory on hand in 2020 but total prepaid expenses amount to $51 400.

Required:

Using the above information, you are required to calculate the following financial ratios. (4 marks)

1. Quick ratio for 2020_________

2. Profit margin for 2020_________

3. Debt to assets for 2021_________

4. Return on ordinary shares equity for 2021_________

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