Reference no: EM132939164

Use the following information to answer questions below:

                                                      2012                   2011

Total Current Assets               $700,000         $600,000

Total non-current assets          $1,500,000       $1,400,000

Total current liabilities            $500,000               $400,000

Long-term borrowings              $800,000              600,000

Share Capital                            $800,000            700,000

revenue                                   2,900,000            2,300,000

gross profit                                  800,000                600,000

retained earnings                          200,000                   100,000

operating income                           240,000                  200,000

Profit for the year                          100,000                     60,000

Problem 1: Calculate the return on revenue ration for both years