2. Calculate and interpret the return on capital employed for a sole proprietor whose net profit was $90,000 and whose capital employed was $270,000. (2marks) b. Calculate gross profit as a percentage of sales if gross profit was $110,000 and sales were $640,000. (1 mark) c. If accounts payable are $55,000 and purchases are $232,000, what is the accounts payable/ purchases ratio? (1 mark) d. Calculate the inventory turnover ratio if average inventory is $60,000 and cost of sales is $320,000. (1 mark) Question Two: Value Added Tax (Total of 17 marks) The credit sales and purchases for the month of December 2021 in respect to Shield & Co were as follows: 2021 Dec 1 Sales to L. Odinson Net Vat 10% Gross 180 10 Purchases from S. Rogers Ltd 20 Sales to T. Stark 90 410 31 Purchases from Vision Associates 150 Requirement: Calculate the Vat amount and the Gross amount b. Write up all the relevant books and ledger accounts for the month