Question: Noom Moon Plc All values in AED Millions Income statement for the year ended 31st Dec 2022 2020 2021 2022 Turnover 786 841 900 Cost

Noom Moon Plc All values in AED Millions Income statement for the year ended 31st Dec 2022

2020 2021 2022
Turnover 786 841 900
Cost of Sales 503 563 630
Gross Profit 283 278 270
Admin Costs 109 122 137
Net Profit 174 156 133
Dividends 50 80 80
Retained Earnings 124 76 53

Statement of Financial Position as at 31st Dec 2022

2020 2021 2022
Non-Current Assets 477 832 890
Current Assets 262 281 300
Total Assets 739 1,113 1,190
Current Liabilities 154 192 93
Non-Current Liabilities 100 412 412
Ordinary Shares 350 350 350
Retained Profits 135 259 335
739 1,113 1,190

Sector average ratios: Return on capital employed 18%

Net profit margin 22%

Current ratio 1.3 Times

Debt/equity ratio (book value basis) 45%

Return on equity 18%

1.1 Calculate the following ratios for Madeira Plc: CLO 3 Receivable Days

Payable Days

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