The following information is given for Sadie Lolly for the year ended 31 August 20*8:

Required

Calculate the following ratios:

a) Gross profit margin
b) Net profit margin
c) Overheads in relation to turnover ratio
d) Return on capital employed
e) Rate of stock turnover
f) Net current asset ratio
g) Liquid capital ratio
h) Debtors’ collection period
i) Creditors’ payment period.

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Sales all on credit Stock 1 September 20*7 Stock 31 August 20*8 Purchases all on credit Gross profit Expenses Net profit Fixed assets Trade debtors Bank balance Trade creditors Drawings Capital 1 September 20*7 £ 145,000 23,000 27,000 110,000 39,000 25,000 14,000 92,000 18,000 5,000 12,500 23,000 138,500