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Apple Commuters Finance Assignment
OPERATING COSTS
SUMMARY OF
OPERATING EXPENSES FOR PERIOD 2002
FINANCIAL HIGHLIGHTS
RECORDED GROWTH OVER THE LAST
THREE FINANCIAL YEARS.
RATIO ANALYSIS
Ratio Analysis
Profitability
Ratio 2000 2001 2002
Net Profit Percentage 35.4% 35.2% 35.1%
Gross Profit Percentage _ _ _
Mark Up Percentage _ _ _
Ratio 2000 2001 2002
Return on Total Assets 64.2% 65.7% 69.%
Return on Net Assets 35.4% 35.2% 35.1%
Return on Capital Employed 107.3% 107.1% 106.9%
Return on Equity 66.7% 68.5% 73.2%
Liquidity
Ratio 2000 2001 2002
Current Ratio 4.7 5.2 5.4
Acid Test 4.7 5.2 5.4
Leverage
Ratio 2000 2001 2002
Debt Ratio 40.1% 38.7% 34.6%
Debt to equity 66.9% 63.1% 52.9%
Interest 22.0 22.4 21.3
EFFICIENCY
Efficiency
Ratio 2000 2001 2002
Asset Turnover 1.8 1.7 2.0
Creditor Days 15 16 17
Debtor Days 33 33 36
RISK ANALYSIS
3.8 Risk analysis
Using the Ernst and Young risk model as a basis we have compiled a risk [next page]