Calculate of the relevant profitably, liquidity, asset usage and investment ratios (ROS, ROA, RE, ROE, assets turnover, inventories turnover, account receivables turnover, account payable turnover, return on sales, return on assets, return on equity, interest coverage ratio, Debt ratio , Long term debt to long term capital ratio ,Long term debt to shareholder's equity ratio ,ICR.) from all statistics below

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Sales Less: Cost of good sold ADAM LEE STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 MAY 2023 Opening inventory Purchases Purchases returns Closing inventory Gross profit Other income Discounts received Expenses Wages and salaries Loan interest Depreciation Land and building Plant and machinery Bad debt expense Allowance of doubtful debts Prepaid other operating expense Net profit for the year £000 Net profit for the year Less: Drawings Retained Earnings 50,000 251,000 (15,000) (75,000) 61,600 5,100 3,000 17,500 10,600 140 14,700 £000 496,900 £000 178,060 (24,000) 154,060 (211,000) 285,900 4,800 290,700 ADAM LEE STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED 31 MAY 2023 (112,640) 178.060 ADAM LEE STATEMENT OF FINANCIAL POSITION AT 31 MAY 2023 £000 Cost Non-current assets Land and building (Cost- Accumulated Deprec 200,000 Plan and machinery (Cost- Accumulated Depr 100,000 Current assets Inventory Trade receivable net of allowance for Doubtful 32,000 Less Allowance for doubtful debts (640) Prepayments Cash at bank Cash in hand Total asset Equity and Liabilities Opening capital Net profit for the year Drawings Closing capital Non-current liabilities Loan Current liabilities Trade payables Accruals Total equity and liabilities £000 Accumulated depreciation (48,000) (47,500) 75.000 31.360 3,000 30,000 300 121,300 178,060 (24,000) 36,000 2,800 £000 NBV 152,000 52,500 139,660 344,160 275,360 30,000 38,800 344,160 Sales Less: Cost of good sold ADAM LEE STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 MAY 2023 Opening inventory Purchases Purchases returns Closing inventory Gross profit Other income Discounts received Expenses Wages and salaries Loan interest Depreciation Land and building Plant and machinery Bad debt expense Allowance of doubtful debts Prepaid other operating expense Net profit for the year £000 Net profit for the year Less: Drawings Retained Earnings 50,000 251,000 (15,000) (75,000) 61,600 5,100 3,000 17,500 10,600 140 14,700 £000 496,900 £000 178,060 (24,000) 154,060 (211,000) 285,900 4,800 290,700 ADAM LEE STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED 31 MAY 2023 (112,640) 178.060 ADAM LEE STATEMENT OF FINANCIAL POSITION AT 31 MAY 2023 £000 Cost Non-current assets Land and building (Cost- Accumulated Deprec 200,000 Plan and machinery (Cost- Accumulated Depr 100,000 Current assets Inventory Trade receivable net of allowance for Doubtful 32,000 Less Allowance for doubtful debts (640) Prepayments Cash at bank Cash in hand Total asset Equity and Liabilities Opening capital Net profit for the year Drawings Closing capital Non-current liabilities Loan Current liabilities Trade payables Accruals Total equity and liabilities £000 Accumulated depreciation (48,000) (47,500) 75.000 31.360 3,000 30,000 300 121,300 178,060 (24,000) 36,000 2,800 £000 NBV 152,000 52,500 139,660 344,160 275,360 30,000 38,800 344,160

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To calculate the relevant profitability liquidity asset usage and investment ratios well use the provided financial data Lets calculate the ratios step by step 1 Profitability Ratios Return on Sales R... View the full answer