Two companies show the following financial statements for the year to 30 November 20X9.

Additional information
1. A. Ltd paid a dividend of £150,000 during the year.
2. B. Ltd paid a dividend of £200,000 during the year.

Required
a. Compute for each of the two companies:
i. Two liquidity ratios;
ii. One gearing ratio;
iii. Two profitability ratios; and
iv. Two efficiency ratios.
b. Evaluate the performance of company X against that of company Y.

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Statements of financial position as at 30 November 20X9 X Ltd £'000 ASSETS Non-current assets Property, plant and equipment Current assets Inventory Trade receivables Bank Total assets EQUITY AND LIABILITIES Equity Equity shares of £1 Retained earnings Total equity Non-current liabilities Long-term loans Total non-current liabilities Current liabilities Total liabilities Total equity and liabilities 2,750 2,750 400 25 165 590 3,340 1,500 1,015 2,515 400 400 425 825 3,340 Y Ltd £'000 4,500 4,500 450 30 360 840 5,340 1,000 1,350 2,350 2,500 2,500 490 2,990 5,340