2,572 statement of Proft or Lass for the year ended 31 Der 2020 Turnover 2019 19,845 Cost of sales 18,900 (11,890) Gross Profit (10340 7,955 Distribution and Admin 8,560 expenses (2,996) (3.173) operating Profit 4,959 5387 (1,050) (815) Profit before Tax 3,902 4572 Taxation (1838) (2,000) Net Profit after tax 2,071 statement of Financial Position as at 31 Dec. 2020 2019 Non-current assets 20,211 21,141 Current Asset Inventories 3,995 2, 663 Trade Receivables 3, 164 2,260 Cash 53 27,425 26,117 Total Assets Equity and liabilities 55 ES Capital Retained Ea Earnings 8,000 7,584 15,584 8,000 7,313 15,313 Non-Current Hability Debenture stocks 5,000 S000 Current Liabilities Trade Payables 446 388 Bank Overdraft 3,400 2,300 ( Taxation 1, 195 1420 Dividend Payable 1800 4,696 6,841 5804 Total Equity and liabilities 27,425 26, 117 Required. @ Calculate the following ratios i. Operating profft margin i Return on capital employed Current radio Receivables collection period Debt to Equity Interest cover Write report to the CEO of Nkunimba Hd commenting on the profitability, liquidity and gearing of the company for the two year periods based on the ratios computed above! and advice management where appropriate iv