The following information has been extracted from the recently published statements of company D, as set out in Figure 7.11.

Figure 7.11 Financial statements for company D as at 30 April

The ratios set out in Table 7.8 are those calculated for D based on its published statements for the previous year and also the latest industry average ratios.
Required:

(a) Calculate comparable ratios (to two decimal places where appropriate) for company D for the year ended 30 April 20X2. All calculations must be clearly shown.

(b) Analyse the performance of D, comparing the results against the previous year and against the industry average as supplied.

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Balance sheets as at 30 April 20X2 Non-current assets Current assets 1,850 20X1 1,430 Inventory 640 490 Receivables 1,230 1,080 Cash 80 120 1,950 1,690 Creditors due in less than 1 year Bank overdraft 110 80 Payables 750 690 Taxation 30 20 Dividends 65 55 955 845 Net current assets 995 845 Total assets less current liabilities 2,845 2,275 less Creditors due in more than 1 year 10 per cent debentures 800 2,045 600 1,675 Share capital and reserves Ordinary share capital 800 800 Reserves 1,245 875 2,045 1,675 Extracts from the income statements Sales 11,200 Cost of goods sold 8,460 9,750 6,825 465 320 Net profit before tax This is after charging: Depreciation Interest on bank overdraft Audit fees 80 60 52 15 12 10 690