?The following figures are for AB Engineering Supplies Ltd at $31$ ?December $2022$:

N$$000$ ?N$$000$

Turnover $160$

Gross profit $40$

Average stock at cost price $10$

Expenses $8$

Non Current Assets$/$Fixed Assets $108$

Current assets

Stock $10$

Debtors $8$

Bank $2$

$20$

$128$

Current liabilities $(10)$

$118$

Capital $118$

$($a$)$ ?Calculate:

$($i$)$ ?gross profit as a percentage of the sales;

$($ii$)$ ?rate of stock turnover;

$($iii$)$ ?net profit as a percentage of sales;

$($iv$)$ ?net profit as a percentage of total capital employed $($fixed assets plus current assets$)$;

$($v$)$ ?current ratio;

$($vi$)$ ?quick asset $($acid test$)$ ?ratio.

Each ratio carries $3$ ?marks $*6=18$ ?marks

$($b$)$ ?The following figures are for another firm in the same line of business, CD Engineering

Services Ltd$,$ ?for the year ended $31$ ?December $2022.$

CD Engineering

Services Ltd

Gross profit as a percentage of the sales $25\%$

Rate of stock turnover $9$

Net profit as a percentage of sales $10\%$

Net profit as a percentage of total capital employed $12\mathrm{.}5\%$

Current ratio $1$ ?: $1$

Quick asset $($acid test$)$ ?ratio $0\mathrm{.}5$ ?: $1$

Compare your results in $($a$)$ ?with those given for CD Engineering Services Ltd$.$

As a result of your comparison, say which you think was the more successful business during