Using the 2019 ratios and the 2020 ratios calculated, write a brief report which compares the performance of the company across both years.

Ratio	2019	2020
Return on Capital Employed ROCE (%)	15.35%	20%
Inventory Turnover (stock days)	90 Days	108 days
Debtor ratio (debtors' days)	21.5 Days	21 days
Creditor ratio (creditor days)	81.2 Days	86 days
Current Ratio	1.55	1.8
Quick Ratio	1.24	1.5
Debit/Equity Ratio	28.90%	25.50%
Interest Cover	21.24 Times	64 times
Return on Equity	15.40%	20%
10. Price Earnings Ratio (P/E Ratio)	12.15 Times	12.4 times

Answer rating: 100% (QA)

Performance Comparison Report 20192020 Introduction This report aims to compare the performance of the company for the years 2019 and 2020 based on various financial ratios The ratios considered inclu... View the full answer