Calculation of Ratios) The financial statements of Voyager Productions Ltd. are shown below:
Voyager Productions Ltd.
Statement of Comprehensive Income for the Year Ended December 31 (in $millions)
|
2012 |
2011 |
|
|
Turnover |
$141.1 |
$138.4 |
|
Cost of sales |
58.9 |
54.9 |
|
Gross profit |
82.2 |
83.5 |
|
Selling & administrative costs |
55.0 |
54.0 |
|
Operating profit |
27.2 |
29.5 |
|
Interest payable |
6.1 |
7.5 |
|
Profit before taxes |
21.1 |
22.0 |
|
Tax on profit |
7.3 |
5.7 |
|
Profit after taxes |
13.8 |
16.3 |
|
Dividends |
8.0 |
8.0 |
|
Retained profit |
$5.8 |
$8.3 |
Voyager Productions Ltd.
Statement of Financial Position as at December 31 (in $millions)
|
2012 |
2011 |
|
|
Non current assets |
||
|
Tangible assets |
$266.7 |
$265.3 |
|
Current assets |
||
|
Inventory |
5.3 |
5.8 |
|
Accounts receivable |
15.7 |
20.9 |
|
Other receivables & prepayments |
2.4 |
2.0 |
|
Bank |
4.9 |
6.3 |
|
28.3 |
35.0 |
|
|
Total Assets |
295.0 |
300.3 |
|
Voyager Productions |
||
|
Statement of Financial Position as at December 31 (in $millions) |
||
|
Non current liabilities |
||
|
Long term loans |
96.7 |
146.1 |
|
Current liabilities |
||
|
Accounts payable |
66.8 |
216 |
|
Total Liabilities |
163.5 |
173.7 |
|
Net Assets |
$131.5 |
$126.6 |
|
Equity |
||
|
Share capital |
81.9 |
82.8 |
|
Retained earnings |
49.6 |
43.8 |
|
Shareholders” Funds |
$131.5 |
$126.6 |
Calculate the following ratios:
- Return on investment (ROI)
- Return on capital employed (ROCE)
- Operating margin
- Gross margin
- Sales growth
- Working capital to sales
- Degree of operating leverage
- Asset turnover