• Using the financial statements of Sultan Center in 2018, calculate the following ratios and interpret your results:

(financial statements listed below and also company website for more information)

a. Current Ratio

- calcultion

- Interpretation of results:

b. Return on equity Ratio

- Calculation:

- Interpretation of results:

1. c. Profit Margin Ratio

2. - Calculation:

   - Interpretation of results:

3. d. Debt to equity Ratio

4. - Calculation:

   - Interpretation of results:

Sultan Center Food Products Co. March 25, 2020 Kuwait Stock Exchange FY-2019 Financial Results Announcement Profitability FY-2018 FY-2019 Variance (10.3%) (10.4%) (2.3%) 17.3% Net Profit /(Loss) (KWD) Earnings Per Share (fils) Total Operating Revenue (KWD) Gross Profit /(Loss) (KWD) Cash Dividends Per Share (fils) Bonus Shares (%) Return on Average Equity (ROAE) Return on Average Assets (ROAA) 2,501,410 4.43 225,893,757 6,117,546 0.00 0.0% 5.79% 0.87% 2,243,481 3.97 220,777,602 7,176,503 0.00 0.0% 5.06% 0.75% Variance 9.8% 7.3% 7.6% 5.1% (13.4%) 53.7% Balance Sheet Summary (KWD) 31-Dec-18 31-Dec-19 Assets: Current Assets 42,951,040 47,141,263 Non-current Assets 243,751,143 261,443,637 Total Assets 286,702,183 308,584,900 Shareholders' Equity 43,218,579 45,417,533 Liabilities: Current Liabilities 165,471,725 143,370,635 Non-current Liabilities 77,980,593 119,839,386 Total Liabilities 243,452,318 263,210,021 Shareholders' equity may include minority interest Year-to-Date Trading Indicators & Current Valuation Multiples Volume (Shrs '000) 20,722.2 PE (*) Value (KWD '000) 1,046.9 PBV(x) Closing Price (KWD) 0.050 Dividend Yield Book Value Per Share (KWD) 0.080 YTD Share Turnover Current Market Capitalization (KWD Million) 28.8 Beta Source: Kamco Research & Boursa Kuwait NM: Not Meaningful 8.1% 12.85 0.63 0.00% 3.58% 0.56