uChampion Pte Ltd Financial statements for the years 2021-2022 are presented below Cash in hand Accounts...

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uChampion Pte Ltd Financial statements for the years 2021-2022 are presented below Cash in hand Accounts Receivable Inventory Equipment Furniture TOTAL Accounts Payable Bank loan (to be repaid after 3 years) Share Capital Retained Earnings TOTAL Net Sales Cost of Goods Sold Operating expenses Net Profit i E 2 > 5 vi 2021 $26 29 36 115 66 272 35 45 140 52 272 250 190 41 19 2022 $22 37 62 165 96 382 35 60 210 77 382 350 280 45 25 Required: Compute the following ratios for 2022 (2 decimal places). Show your detailed supportive workings. Gross profit margin Net Profit margin 2 marks 2 marks 2 marks 2 marks Current Ratio Quick ratio Total Asset turnover ratio 2 marks Average collection period of accounts receivable 2 marks uChampion Pte Ltd Financial statements for the years 2021-2022 are presented below Cash in hand Accounts Receivable Inventory Equipment Furniture TOTAL Accounts Payable Bank loan (to be repaid after 3 years) Share Capital Retained Earnings TOTAL Net Sales Cost of Goods Sold Operating expenses Net Profit i E 2 > 5 vi 2021 $26 29 36 115 66 272 35 45 140 52 272 250 190 41 19 2022 $22 37 62 165 96 382 35 60 210 77 382 350 280 45 25 Required: Compute the following ratios for 2022 (2 decimal places). Show your detailed supportive workings. Gross profit margin Net Profit margin 2 marks 2 marks 2 marks 2 marks Current Ratio Quick ratio Total Asset turnover ratio 2 marks Average collection period of accounts receivable 2 marks

Answer rating: 100% (QA)

1 Gross Profit Margin Gross Profit Margin ... View the full answer