The following financial statements relate to GetItDone PLC, which operates a wholesale carpet business. (Please note: The information in red has been updated from E 3.1. However, the rest remains the same.)

Notes:
The market value of the shares of the business at the end of the reporting period was $3.50 for 2011 and $2.50 for 2012
All sales and purchases are made on credit.
The cost of sales figure can be analyzed as follows:

At 31 March 2010, the trade receivables stood at $123 million and the trade payables at $83 million
A dividend of $40 million had been paid to the shareholders in respect of each of the years.
The business employed 13,995 staff at 31 March 2011 and 18,623 at 31 March 2012.
The business expanded its capacity during 2012 by setting up a new warehouse and distribution center.
At 1 April 2010, the total of equity stood at $338 million and the total equity and non-current liabilities stood at $538 million.
Your assignment for Project: Part 1 is to:
In this project, provide a summary of all of the calculations and information from Exercise 3.1. (Be sure to submit the detailed E 3.1 separately.)
Provide a definition for gross profit margin and SOLVE for it using the above information from the balance sheet, income statement and notes.
Make a simple chart showing the final solutions for all of the profitability ratios.

Answer the question using detailed information: "What can you deduce from a comparison of the declines in the operating profit and gross profit margin ratios?"
3.
a. Provide a definition for sales revenue to capital employed and SOLVE for it using the above information from the balance sheet, income statement and notes.
b. Provide a definition for sales revenue per employee and SOLVE for it using the above information from the balance sheet, income statement and notes.
c. Make a simple chart showing the solutions for all of the efficiency ratios.
d. Answer this question using detailed information: "What can you deduce from a comparison of the efficiency ratios over the two years?"
Submission Requirements:
Submit your answer in a MICROSOFT WORD document; showing STEP BY STEP calculations for only the information asked for in this project/assignment.

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Statements of Financial Position (balance sheets) as of 31 March ASSETS 2011 Ss millions Ssmillions 2012 Non-current assets Property, plant and equipment (at cost less depreciation) Land and buildings Fixtures and fittings 481 527 260 787 229 710 Current asset Inventories 506 373 400 340 104 844 1,554 Trade receivables Cash at bank 100 979 Total assets 1,766 EQUITY AND LIABILITIES Equity s0.50 ordinary shares (Note 1) Retained earmings 400 400 334 734 363 763 Non-current liabilities Borrowings-9% loan notes (secured) Current liabilities Trade payables 300 400 361 |130 100 591 454 102 176 732 1,866 Тахation Short-term borrowings (all bank overdraft) 1,654 Total equity and liabilities Income statements for the year ended 31 March 2012 Ss millions Ssmillions 3,681 (3,272) 409 2011 Revenue (Note 2) Cost of sales (Note 3) Gross profit Operating expenses Operating profit Interest payable Profit before taxation 3,240 (2,745) 495 |(352) 143 (28) 115 (362) 47 (42) 2012 2011 Ss millions Ssmillions 341 2,899 3,240 |(400) 2,840 Opening inventories Purchases (Note 2) 400 Closing Inventories Cost of sales 3,475 3,681 (506) 3,175