1: Compute and interpret Omega company financial ratios for year 2019: (liquidity. profitability, efficiency, investment) Revenue Omega Company Income Statement for the year ended 31 December 2019 24,000 10,500 13,500 Cost of Sales Gross profit Operating expenses Administrative expenses 4,550 Salaries & wages Expenses 6,450 Supplies Expenses 700 Utility Expenses 450 Net profit 1,350 Current assets Cash at bank Unit 5: Accounting principles Assignment Draft #3 - LO: 3 Omega Company Statement of financial position for the year ended 31 December Account receivables Prepaid Inventories Total current Assets 2019 4,715 6,000 70 9,000 19,785 Non-current assets equipment 3,950 buildings 23,750 Total non-current Assets 27,700 Total assets 47,485 Current liabilities Account payables 7,300 Notes Payable 555 Tax payable Interest payable Total current liabilities 500 430 8,785 Non-current liabilities Borrowings 11,000 Total non-current liabilities 11,000 Total liabilities 19,785 Equity share capital 14,500 Retained earnings 13,200 Total equity 27,700 Total equity & liabilities 47,485 Additional Information to use when calculate the ratios: 1. The number of shares equal 10,000 shares 2. Dividend announced during the period 2000