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You are given the financial information of Hong Kong F&B Supplies Limited for the financial years of 2018 and 2019 as follows: 2018 $000 2,400

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You are given the financial information of Hong Kong F&B Supplies Limited for the financial years of 2018 and 2019 as follows: 2018 $000 2,400 1,440 960 618 2019 $000 1,800 850 Revenue (all credit sales) Less: Cost of Sales Gross profit Less: Operating expenses Operating profit before tax Less: Income tax expense Net income 950 550 342 400 70 330 265 Cash 19 36 Accounts receivable 214 292 1,244 Inventorics Non-current assets (net) Accounts payable Accrued expenses Bank loan, repayable in 2023 Share capital Retained earnings 154 301 1.451 347 9 415 10 88 399 500 550 445 775 Required: (a) Calculate to 2 decimal places the following ratios for the company for the year of 2019: Gross profit ratio Net income te revenue ratio (after tax) Retum on shareholders' equity (after tax) Current ratie Quick ratio (VI) Accounts receivable collection penod (in days) (vii) Debt-to-equity ratio (viii) Inventory turnover (in times)

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