Using the information from the given financial statements, statement of financial position (balance sheets) and income statement (profit & loss accounts) in page 3, calculate and interpret the following ratios for XYZ Plc for the years ended March 31 2019 and 2020, respectively:

a) Operating Profit Margin

b) Inventory days

c) Payable period

d) Receivable period

e) Acid Test Ratio

f) EPS (Earnings Per Share)

Notes relating to the above Statements:

i. The market value of the shares of the business at the end of the reporting period was 3.00 for 2019 and 2.00 for 2020.

ii. All sales and purchases are made on credit.

iii. At 1 April 2018, the trade receivables stood at 250 million and the trade payables at 210 million.

iv. A dividend of 40 million had been paid to the shareholders in respect of each of the years.

v. The business employed 14,000 staff at 31 March 2019 and 18,628 at 31 March 2020.

vi. The business expanded its capacity during 2020 by setting up a new warehouse and distribution centre.

vii. At 1 April 2018, the total of equity stood at 450 million and the total of equity and non-current liabilities stood at 650 million.

Income Statements (Profit \& Loss Accounts) for the year pndod 21 Marrh The Financial statements below are to be used for Task 3 XYZ PIc - Statements of financial position (Balance Sheets) as at 31 March 2019fm2020fm ASSETS Non-current assets Property, plant \& equipment (at cost less depreciation) Land \& buildings Fixtures \& fittings \begin{tabular}{ll} 386 & 430 \\ 520134 & 170 \\ \hline & 600 \end{tabular} Current assets Inventories Trade receivables Cash at bank Total assets EQUITY \& LIABILITIES Equity 0.50 ordinary shares Retained earnings 400275675400245645 Non-current liabilities Borrowings - 9% loan notes (secured) Current liabilities Trade payables Taxation Short-term borrowings (all bank overdraft) Total equity \& liabilities 25016522319011153502004912951290