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Honey Bun \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{5}{|l|}{ Profitability Ratios } \\ \hline Ratio & Formula & 2019 & 2020 & 2021 \\ \hline NetProfitMargin & Profit after Tax & 156,469,434 & 166,747,925 & 218,691,347 \\ & Sales x 100 & 1,543,975,287= & 1,674,779,369= & 2,145,397,847= \\ \hline & & 10% & 9.9% & 10% \\ \hline ReturnonAssets & Profit before Interest & 176,657,404 & 194,293,178 & 285,119,335 \\ and Tax Total & 957,942,325 & 1,066,358,188 & 1,325,458,592 \\ \hline \end{tabular} 1 \begin{tabular}{|l|l|l|l|l|} \hline & Assets x 100 & 100=18.44%% & 100=18.22% & 100=21.51% \\ \hline Return on & Profit before Interest & 176,657,404 & 194,293,178 & 285,119,335 \\ Capital & and Tax Capital & 870,470,873 & 999,380,509 & 1,174.834,854 \\ Employed & Employed x 100 & 100= & 100= & 100= \\ & & 20.29% & 19.44% & 24.27% \end{tabular} You are also to prepare a summary comparing and contrasting the general liquidity, solvency, profitability, asset management, and investment performance of BOTH companies. The comparative discussion for each ratio category should span one to two welldeveloped paragraphs. Consolidated Bakeries 3 \begin{tabular}{|l|l|l|l|l|} \hline Gearing Ratio & (Non-CurrentLiabilities+PreferenceShares)CapitalEmployedx100 & 14.49% & 17.68% & 20.71% \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{5}{|c|}{ Profitability Ratios } \\ \hline Ratio & Formula & 2019 & 2020 & 2021 \\ \hline NetProfitMargin & ProfitafterTaxSalesx100 & 1.63% & 1.45% & 1.22% \\ \hline Return on Assets & ProfitbeforeInterestandTaxTotalAssetsx100 & 0.09 & 0.28% & 0.41% \\ \hline ReturnonCapitalEmployed & ProfitbeforeInterestandTaxCapitalEmployedx100 & 0.12% & 0.33% & 0.5% \\ \hline ReturnonShareholdersEquity & (ProfitafterTax-PreferenceDividends)CommonEquityx100 & 2.59% & 2.08% & 1.77% \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{5}{|c|}{ Asset Management Ratios } \\ \hline Ratio & Formula & 2019 & 2020 & 2021 \\ \hline Stock Turnover & CostofSalesAverageStock & 7.04 times & 8.26 times & 9.50 times \\ \hline StockTurnoverPeriod & 365AverageStockCostofSales & 51.81 days & 44.20 days & 38.44 days \\ \hline DebtorsTurnover & Sales Debtors & 1,027,265,773102,138,120= & 993,979,57896,719,237= & 1,079,796,822110,240,701= \\ \hline \end{tabular} 4 \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{5}{|c|}{ Investment Ratios } \\ \hline Ratio & Formula & 2019 & 2020 & 2021 \\ \hline PriceEarningsRatio & MarketPriceperShareEarningsperShare & 5.13 times & 6.83 times & 6.83 times \\ \hline TimesInterestEarned & ProfitbeforeInterestandTaxInterestExpense & -0.47 times & 0.15 times & -0.37 times \\ \hline \end{tabular}
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