Question $1$: Financial Analysis

$($a$)$ Using the information contained in the case study, and the figures presented below, calculate the following for $2022$ and $2023$: $(5$ Marks$)$

Gross Profit percentage

Operating profit percentage

Return on Capital Employed $($ROCE$)$

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Smart Toys Plc

Smart Toys Plc is a UK incorporated company focussing on the manufacture and retail of STEM educational toys for children.

The company has been successful with its existing product range and had the following results for the past $2$ years

Summarised Income Statements for Smart Toys PIc $2022$ and $2023$

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