8.29** Grammar Ltd reports the following information. Previous Next 04, 5, 6, 7 $'000 $'000 Total assets 3840 Interest revenue 220 Profit after tax 130 Current liabilities 1140 Interest expense Tax expense 320 90 Non-current liabilities 1660 Current assets 50% of total assets From this information, calculate and interpret the following ratios (year-end figures have to be used because the comparative year figures are not available) and prepare a report on the financial position and performance of Grammar Ltd. (a) Liquidity ratio (b) Return on equity (c) Return on assets using: (i) profit (ii) EBIT (d) Debt ratio