05. Using the information in the Balance Sheet and Profit and Loss Statement below, calculate the following ratios and answer the questions (8 points in total) 20x2 S1600 48.000 Pita Manufacturing Comparative Balance Sheets For the Year Ended June 30, 20Xland 20x2 20X1 Anet Cach 572.000 Accounts receivable Inventory 60 Plant and equipment 104.000 Accmed depreciate (52.000) Land 20,000 Total $22.000 Liabilities and equiry Accountable $ 32,000 Wages payable Erande payable 24.000 Preferred to (ne par 4.000 Commen ock DO Paid in capital in een of par 500D Retained aming TOR.000 Totalishi and equity $252.000 112.000 (6.000) 20,000 5522400 400D $48.000 2.400 16,000 12.000 6.000 76000 132.000 12:00 Particulars December 11 21 Dec 11 262 Net Sales Less Cost of Goods Sold Grow Pro 1.70.000 1,05.000 65.000 1.90,400 120.000 70.400 (*) 20,400 .) 15.000 12.200 760 4.000 41.800 45.800 25 1000 1000 I.) 2.000 1760 60760 1.560 Admin Expenses Seling Advertisement Expres Other Selling Expenses Total Seling Expert Operating pero Operating profit Other Incomes Other Expenses Pholit Before Tax Income Tax Politheros 3.000 40.800 43.800 57.000 8.000 6.400 4000 7.600 JUBCO 2100 200 to 2.800 1) 4.100 2.000 H24 MO 56 6480 2.400 200 e632 400 1) Calculate the following Liqudity Ratios Current ratio in year I - Current ratio in year 2- Quick ratio in year 1 Quick ratio in year 2