ACCOUNTING RATIOS

Question# $1.[20$ points$]$

The managing director of Malcolm Limited, a retail giant has approached your organisation requesting a substantial increase in their credit facilities in order to fund an expansion programme. You are presented with the numbers extracted from the final accounts.

$\backslash$table$[[$Extracted From Final Accounts,$],[$Credit Sales $$,550,000\mathrm{.}00],[$Cost of Goods sold $$,100,000\mathrm{.}00$

PLEASE SHOW ALL CALCULATIONS AND EXPLANATIONS!