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Toyota Limited is a vehicle manufacturer company. Extracts of the Statements of Profit and Loss and Other Comprehensive Income of Hyundai Limited for the years

Toyota Limited is a vehicle manufacturer company. Extracts of the Statements of Profit and Loss and Other Comprehensive Income of Hyundai Limited for the years ended 31st March 2020, 31st March 2019, and 31st March 2018 and extracts of the Statements of Financial Position as at 31st March 2020, 31st March 2019 and 31st March 2018 are as follows.

Table: Extracts of Statements of P&L and other comprehensive income ($.000)

For the year ended

31st March 2020

31st March 2019

31st March 2018

Turnover

127,500

105,000

133,000

Cost of sales

88,500

71,200

93,100

Gross profit

39,000

33,800

39,900

Income tax

2,240

1,070

1,980

Profit after tax

8,020

8,130

12,020

Interest

500

1000

600

Table : Extracts of Statements of Financial Position ($.000)

As at

31st March 2020

31st March 2019

31st March 2018

Current assets

20,470

26,260

38,000

Current liabilities

13,200

17,875

12,280

Trade receivables

15,460

14,220

18,900

Trade payables

6,400

6,100

8,440

Inventory

2,680

11,530

18,650

Shareholders' equity

39,540

31,520

23,390

You may assume that the credit sale is 55% from the total turnover. Further, 90% of cost of sales consists of purchases and out of that 70% is on credit terms.

You are required to calculate the following ratios for the years ended / as at 31st March 2020 and 31st March 2019:

a) Quick Assets Ratio.

b) Debtors Collection Period

c) Return on Capital Employed (ROCE)

d) Net Profit Ratio.

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