The financial statements of Helena Beauty Products Ltd. are presented below.

Required:
Using six ratios, comment on the profitability (three ratios) and efficiency (three ratios) of the business as revealed by the financial statements. Assume there is no interest or taxes.

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Helena Beauty Products Ltd. Income Statements for the year ended September 30, 2010 2009 in $ thousands) 3,840 3,600 Sales (all on credit Less: Cost of goods sold Opening inventory Plus: Purchases Goods available for sale Less. Closing inventory Cost of goods sold Gross profit Less: Expenses Net income 400 2.350 2,750 500 320 2,240 2,560 400 2,250 1,590 1,500 90 2.160 1,440 1360 80 Helena Beauty Products Ltd Balance Sheets as at September 30, 2010 2009 (in $ thousands) Current assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Total assets Current liabilities Shareholders' equity Common shares Retained earnings Total shareholders equity Total liabilities and shareholders' equity 750 400 1.158 1.900 3,058 960 500 1,464 1,860 3,324 450 390 1,766 1,108 2.874 1,650 1,018 2,668 3,058 3.324