Using the Profit and Loss account and Balance Sheet you have prepared in Task 2. Calculate the following accounting ratios for Kinga. A. Gross Profit margin B. Gross Profit Percentage margin C. Net Profit margin D Net Profit Percentage margin E. Current Ratio F. Acid Test G. ROCE (Return on capital employed)

Profit and Loss account

Kinga
Profit and Loss Account
For the Year Ended September 30,2022
	Amount (in )
Revenue related to sales		$1,000,000
COGS (Cost of Goods Sold)
Stock Initially	400,000
Add: Purchase	300,000
Less: Stock at the end	100,000	600,000
GP (Gross Profit )		$400,000
Expenses for Operations
Expenses for Depreciation	80,000
Expenses of Advertisement	50,000
Salaries	60,000
Rent	20,000
Other expenses	10,000
Commission	10,000
Total Operating Expenses		230,000
Net Income		$170,000

Balance Sheet from the Data Available

Liabilities	Amount (in )	Assets	Amount (in )
Accounts Payable	32000	Land	44000
Bills Payables	28000	Equipment	40000
Capital	170000	Intangible Asset	43000
Value Added Tax	10000	Buildings and Improvements	260000
Long Term Loan	200000	Prepayments	6000
Miscellaneous Assets	170000	Inventory	100000
		Cash and Cash	95000
		Accounts Receivable	22000
Total	6100000		6100000