The following are the highly simplified financial statements of Duration Ltd for last year: Turnover Income statement

The following are the highly simplified financial statements of Duration Ltd for last year:

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Turnover Income statement for the year ended 31 December Cost of sales Gross profit Operating expenses Operating profit Statement of financial position as at 31 December Non-current assets Current assets Total assets Equity (share capital and reserves) Current liabilities Total equity and liabilities Calculate as many accounting ratios as the information provided will allow. 000 80 (60) 20 (10) 10 000 70 20 12 90