Statement of profit or loss for the year ended 31 March 2020 $000 2019 $000 25000 17000 15000 10000 10000 7000 3000 2000 2000 1000 1000 500 4000 3500 2000 1000 2000 2500 Revenue Cost of sales Gross profit Distribution costs Administrative expenses Finance costs PBT Taxation Profit for year Statement of financial position as at 31 March 2020 2020 $000 2019 $000 2019 $000 Non-current assets Property, plant and equipment Intangibles Current assets Inventory Trade receivables Cash Non-current assets held for sale Total assets 10000 5000 6000 16000 0 5000 3500 2500 2000 1500 0 9000 3000 0 6500 25000 3000 11500 Equity and liabilities Equity shares $1 Retained earnings 5000 4000 5000 2000 0006 7000 Non-current liabilities 5% loan notes 10% loan notes 2500 10000 1500 1500 7500 0 Current liabilities Bank overdraft Trade payables Total equity and liabilities Notes 500 2000 2000 6000 25000 0 3500 1000 3000 11500 1. B Ltd acquired the assets of another company during the year and has identified that some of these assets are surplus to the requirements and have been classified as held for sale at 31.03.2020 and it expects that it will take time for the remaining assets to be fully integrated into the current business. During the year were no disposals of assets. A disappointed shareholder observed that although revenue during the year increased significantly profit for the year decreased. Depreciation of property, plant and equipment for the year ended 31.03.2020 was $50000. Required Calculate the following ratios: i. Net profit ratio ii. PBT % iii. Gross profit ratio iv. ROCE V. ROE vi. Gearing ratio vii. Debt ratio vili. Interest cover ix. Current ratio X. Quick ratio b. Comment on the performance and financial position of B Ltd for the year ended 31.03.2020