usinh a format

The following are the final accounts of Bulabi and Co for the 2 Years ended 31 May. INCOME STATEMENT FOR YEAR ENDING 31 MAY Year 1 RM Year 2 RM RM 40,000 RM 48,000 Sales Less cost of goods sold Stock at start Add purchases 2,500 32,000 4,500 32,700 Goods available Less stock at end 34,500 4,500 37,200 5,200 30,000 32,000 Gross profit Less expenses 10,000 8,000 16,000 12,000 Net profit 2,000 4,000 Statement of Financial Position as at 31 May Year 1 RM Year 2 RM BM BM BM BM 8,000 7,000 4,000 7.000 12,000 3,000 22.000 19,000 NON-CURRENT ASSETS Premises Machinery Vehicles Office equipment CURRENT ASSETS Stock Debtors Bank LESS CURRENT LIABILITIES Cred tors Bank 4,000 5.250 3.750 13,000 4,000 4,500 5000.000 4.500 5.500 10.000 3.000 3.000 3.500 6,500 2,500 TOTAL ASSETS 22,000 24,500 FINANCED BY Capital at start Add net profit 21.000 2.000 22.000 4.000 23 000 1000 28.000 1.500 Less 35 22.000 24.500 (a) Calculate the following ratios for each year (correct to 2 decimal places) (0) Gross profit ratio (4 marks) (11) Net profit ratio (4 marks) (III) Current ratio (4 marks) (iv) Acid test ratio (4 marks) (v) Capital Employed (4 marks)