Please calculate all please • The following information is extracted from the 2020 financialstatements of two companies working in the same industry.Fashion LtdBeauty LtdSales160,000196,000Cost of goods sold(38,000)(48,000)Expenses(90,000)(74,000)Current Assets10,00010,000Current liabilities8,00012,000Long-term loan24,00036,000Share capital and reserves88,00032,000Question 1For each company, calculate the following ratios:· Use the formula sheet provided.· You must round your answers to TWO decimal places.· You are advised to show your workings. There is no requirement torewrite the formula.i.Gross Profit percentageii. Return on Capital employediii. Current ratioiv. Capital Gearing percentage

1. Gross profit percentage = Gross profit/ Sales 2.Return on capital employed = Net profit/…

Question 1 For each company, calculate the following ratios: · Use the formula sheet provided. · You must round your answers to TWO decimal places. · You are advised to show your workings. There is no requirement to rewrite the formula. i. Gross Profit percentage Return on Capital employed iii. Current ratio ii. iv. Capital Gearing percentage

Question 1 For each company, calculate the following ratios: · Use the formula sheet provided. · You must round your answers to TWO decimal places. · You are advised to show your workings. There is no requirement to rewrite the formula. i. Gross Profit percentage Return on Capital employed iii. Current ratio ii. iv. Capital Gearing percentage

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 103.1C: Leverage Cook Corporation issued financial statements at December 31, 2019, that include the...

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