Dischem (Pty) Ltd. operates in the agricultural chemicals industry. The company was launched 8 years ago. It has developed aggressively and has branches throughout Southern Africa. Although not listed, it has managed to grow its market share in the face of competition from some larger listed chemical companies. The following summarized balance sheets and income statements have been obtained for
analysis.

Required: Calculate the following ratios for 2016 and 2017. Use a 365 day year
a) Current ratio (2 marks)
b) Quick ratio (2 marks)
c) Inventory turnover (2 marks)
d) Debtors collection period (2 marks)
e) Creditors settlement (2 marks)
f) Debt ratio (2 marks)
g) Times interest earned (2 marks)
h) Gross margin (2 marks)
i) Return on assets (2 marks)
j) Return on equity