ABC Inc. is a Corporation with a focus on Garment and textile manufacturing in the UAE. They are now looking to finance their new project, are looking for a bank to give them a loan. Find the following ratios, interpret and analyze them:

1. Current Ratio
2. Acid Test Ratio
3. Times Interest Earned Ratio
4. Debt Ratio
5. Accounts Receivable Turnover
6. Inventory Turnover
7. Days Sales in Inventory
8. Average Collection Period

Based on the ratios calculated above, Can we conclude if any bank would easily give a loan to us? Justify the answer. on the information below of Standalone

accounting ratios need to be calculated and in tge basis if ratios we need to judge whether funds can be raised by the company

Standalone statement of comprehensive income Year ended 31 December 2019 2018 AED AED Note Revenue Cost of sales Gross profit 12 13 967,215,339 (862, 141,258) 105,074,081 813,481,889 (722,094,232) 91,387,657 14 15 (30,183,413) 978,095 (27,340,230) 11,221,861 Administrative and selling expenses Other income Reversal of/(provision for) impairment of trade receivables Operating profit 6 4,167,783 80,036,546 (7,716,272) 67,553,016 Finance cost Finance income Finance cost - net 18 18 18 (1,097,922) 1,146 (1,096,776) (545,088) 3,548 (541,540) 78,939,770 67,011,476 Profit for the year Other comprehensive income for the year Total comprehensive income for the year 78,939,770 67,011,476 Standalone statement of financial position As at 31 December 2019 2018 AED AED Note ASSETS Non-current asset Property and equipment Investments in subsidiaries 1,213,595 4 2.2 1,012,984 1,343,582 2,356,566 1,213,595 Current assets Inventories Trade and other receivables Due from related parties Loan to related parties Cash and bank balances 5 6 11 11 7 179,413,089 121,670,892 80,115,253 26,318,739 407,517,973 409,874,539 5,529,691 193,441,503 52,580,863 33,455,659 24,349,497 309,357,213 310,570,808 Total assets EQUITY AND LIABILITIES EQUITY Share capital Retained earnings Total equity 8 3,900,000 358,743,239 362,643,239 3,900,000 279,803,469 283,703,469 LIABILITIES Non-current liabilities Provision for employees' end of service benefits 9 355,785 355,785 252,073 252,073 Current liabilities Trade and other payables Due to a related party Bank borrowings 10 11 17 1,123,523 26,729,064 19,022,928 46,875,515 47,231,300 409,874,539 6,079,568 20,415,438 120,260 26,615,266 26,867,339 310,570,808 Total liabilities Total equity and liabilities