oo : [150600000 | 117000 | 16800 | 37500 ~ 132000 _ {208000 rr — Tg00 1579000 ff | _ —_| iease obligation 9000 : 7200 Trade Payables 31800 25200 1 Income tax payables | 15000 8700 55800 41100 Total Equity and Liabilities 255600 216000 | REQUIRED. (2) Calculate for both years , 2016 and 2017 the following financial ratios: Gross Profit margin( 2 marks) Return on Capital Employed (ROCE) (2 marks) Operating profit margin (2 m arks) Inventory turnover (times) ( 2marks) Inventory tumover (days) (2 marks) Trade Receivables collection period (days) (2 marks) Current Ratio. (days) (2 marks) Quick or Acid test ratio ( 2 marks) Capital Gearing ( 2marks) Earnings per share (basic) ( 2marks) (Total = 20marks) QUESTION 7 One of your relatives intends to set up a business afier his resignation from one the reputable local manufacturing entity. He is aware that one the subjects in the programme you are pursuing at NIPA is Financial Accounting . He would like you to differentiate 4 Partnership and a Limited Liability Company in the following areas: