3a) Required Using the information above and using year-end gures, identify and calculate the following to one decimal place, apart from items viii, ix, and x which should be calculated to the nearest whole day: i. Return on ordinary shareholders equity ii. Return on capital employed iii. Operating prot margin % iv. Sales to total capital employed % (net asset turn) v. Gross prot margin % vi. Current (working capital) ratio vii. Quick (acid test) ratio viii. Capital gearing (leverage) ix. Earnings per share (EPS) x. PriceIEarnings (PE) ratio [15 marks] 3b) Required Explain what the operating cash cycle represents. Illustrate your explanation by calculating the operating cash cycle for EMBA Limited, using the relevant figures from EMBA Limited's nancial statements. [10 marks] [Total 25 marks] Question 3 Below are details extracted from the published accounts of EMBA Limited for the nancial year ended 30 September 2021. Summarised Income Statement Information for year ended 30 September 2021 000 Revenues all account sales 800 Gross prot 600 Other expenses 400 Loan interest 40 Taxation payable 30 Balance Sheet in summam form as at 30 Segember 2021 000 Long lived tangible assets (including property) 800* Inventories 30 Receivables due from credit customers 120 Cash at bank 40 T otai Assets 990 Taxation payable: current liability 30 Trade payables: current liability 20 Bank loan: long term liability 240 Total Liabilities 290 Equity Ordinary shares (1 nominal value; market value 2.50) 200 Preference shares (1 nominal value, with 5% dividend) 100 Share premium 50 Revaluation reserve 50 Retained prots 300 Total Equity 700 * Property was originally purchased for 400,000 and was recently revalued upwards to market value of 450,000. Credit purchases of inventory totalled 200,000