Describe the five categories of ratios, list and define the ratios in each category and, without referring to the calculations in the text, calculate each ratio for Boater plc (financial statements are presented in Table 2.1).

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Table 2.1 Financial statements of Boater plc Revenue Cost of sales Gross profit Statements of profit or loss for the year ended 31 December Year 2 £000 Administration cost Profit before interest and tax Interest Profit before taxation Taxation Profit after taxation Ordinary dividends Retained profits 5,700 4,330 1,370 735 635 220 415 125 290 230 60 Year 1 £000 5,300 4,000 1,300 620 680 190 490 147 343 230 113 Activate W Go to Settings