Please refer to the attached file for the question. Please attempt this question on a piece of paper and not on excel.

Kaneshige Properties (KP) Shun Kaneshige is a real estate guru trading as Kaneshige Properties (KP). As the managing director of KP. Shun manages a portfolio of properties across the city of Bangkok, Thailand. The stocks (inventory) that KP hold are the real estate properties within KP's real estate portfolio. KP is planning to open its first overseas office in Singapore in light of the strong uptrends in the property market. To support their expansion, the local bank in Singapore is asking KP to provide a ratio analysis of their liquidity and profitability to complement with the final accounts that will be submitted for review. The finance director at KP has provided the following information for 2019: Current ratio 2.80 Acid-test (quick) ratio X Total current liabilities $160m Debtors Y Expenses $500m Total current asset $392m Sales revenue $1,750m Stock (inventory) $190m Net profit before interest and tax $570m Cash $100m Capital employed $800m The industry benchmark for the current ratio and acid-test ratio are between 1.5 to 2 and 1.0 respectively. (a) Calculate the amount of debtors for KP in 2019 (Y). [1 mark) (b) Calculate the acid-test (quick) ratio (X) for KP in 2019 (show all your working). [2 marks] (c) Comment on KP's current ratio in 2019. [2 marks] (d) Calculate the gross profit margin (GPM) for KP in 2019 (show all your working). [2 marks] (e) Calculate the net profit margin (NPM) for KP in 2019. [1 mark] Calculate the return on capital employed (ROCE) for KP in 2019. (1 mark) (g) State one measure of the return on capital (ROCE) figure for KP. [1 mark]