Dale is in business as a sole trader. You are presented with the following summarized information relating to his business for the year to 31 October 20X9:

Required
a. Based on the above information, calculate eight recognized accounting ratios.
b. List what additional information you would need in order to undertake a detailed ratio analysis of Dale’s business for the year to 31 October 20X9.
In answering part (a) of the question, each ratio must be distinct and separate. Marks will not be awarded for alternative forms of the same ratio.

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Statement of profit or loss for the year to 31 October 20X9 £'000 £'000 200 600 Sales revenue: cash credit Less: Cost of goods sold - opening inventory purchases Less: closing inventory Gross profit Expenses Profit for the year 80 530 610 70 800 540 260 (205) 55