8.30. The statement of profit or loss and the balance sheet for MobileNet are presented below MobileNet Balance sheet as at 30 June 2016 Assets Current assets $20000 5 000 32 000 15000 $72000 Property, plant and equipment Intangible assets Total assets Current liabilities Long-term liabilities Total liabilities Owner's equity M. Phone - capital Total liabilities & owner's equity 9000 16 000 $25 000 47 000 $72000 MobileNet Statement of profit or loss for the year ended 30 June 2016 Sales revenue Cost of sales Gross profit $45000 20000 25000 18000 S 7000 Profit a. Calculate the following: i. the current ratio ii. the return on assets (use year-end figures) iii.the return on shareholders' funds (owner's equity; use year-end figures) iv.the debt to equity ratio. b. Prepare a presentation on the financial analysis conducted, commenting on the performance and position of MobileNet