(

(8.30 b not necessary)

8.29 Rejected Ltd reports the following information: $'000 1920 Total assets 65 Profit after tax Current liabilities 570 Non-current liabilities 830 $'000 110 Interest revenue 160 Interest expense Tax expense Current assets 50% of total assets From this information, calculate and interpret the following ratios (year-end figures will have to be used because the comparative year figures are not available) and prepare a report on the financial position and performance of Rejected Ltd: a. quidity ratio b. return on equity c. return on assets using: i. profit EBIT debt ratio