1(a) [30 marks] The following information has been collected from two London-based companies. The accounts are drawn as of 31st December 2021. Profit and Loss Account for the year ended 31st December 2021 (Figures are in 000) Particulars JACK JOHN Sales 5529 5604 Less: Cost of Goods Sold (Including purchases) (2676) (2329) Gross Profit 2853 3275 Less: Depreciation (1425) (1605) Earnings before Interest & Tax or Operating Profit 1428 1670 Less: Interest (371) (331) Earnings before Tax 1057 1339 Less: Taxes (204) (317) Earnings after Tax or Net Profit 853 1022 Balance Sheet as at 31st December 2021 (Figures are in 000) Assets JACK JOHN Fixed Assets 16330 15956 Current Assets Account Receivables 1026 1159 Inventory 2308 2470 Cash 573 652 Total Current Assets 3907 4281 Total Assets 20237 20237 Liabilities & Equity Capital / Equity 13905 14335 Long Term Debt 3081 2666 Current Liabilities Account Payables 1854 2032 Other Current Liabilities 1397 1204 Total Current Liabilities 3251 3236 Total Liabilities and Equity 20237 20237 REQUIREMENT: Conduct ratio analyses, compare, and comment on their results and analyse the performance of the companies. (Answer any SIX of the following requirements) [05 marks] x 6 requirements = [30 marks] 1. Calculate and analyse any SIX of the following: [30 marks] i. Current Ratio ii. Quick Ratio iii. Operating Profitability Ratio iv. Net Profit Ratio v. Return on Equity (ROE) vi.Inventory Turnover Ratio vii. Receivable Turnover Ratio viii. Payable Turnover Ratio ix.Debt-equity Ratio x. Financial Leverage