Additional information:

- The company is a subsidiary of an American group quoted on the NYSE.

- Your audit firm provides the audit report for the NY and the Australian office.

- The company manufactures carpets and 80% is for export.

- Wool, the primary raw material, is purchased in Australia. The management has informed you that the recent fall in wool prices has improved your profitability.

- The US parent company is displeased with the Australian subsidiary's performance in 2022 and intends to pay close attention to its performance in 2023.

- 80% of the companys account receivables are overseas customers with a 60-day credit term.

- There have been complaints about the quality of the carpets.

Required:

Calculate Inventory turnover ratio, Accounts receivable turnover ratio, Accounts payable turnover ratio, Debt-to-equity ratio, Net margin ratio and Return on Assets ratio

\begin{tabular}{|l|r|r|} \hline \multicolumn{3}{|c|}{ ABC Co } \\ \hline \multicolumn{3}{|c|}{ Income statement 2021 } \\ \hline & Unaudited & \multicolumn{1}{|c|}{ Audited } \\ \hline & 30 -Nov & 31 -Dec \\ \hline Revenue & 20,007 & 19,943 \\ \hline Expenses & 13,305 & 15,428 \\ \hline Gross Profit & 6,702 & 4,515 \\ \hline Operating Expenses & 3,486 & 3,047 \\ \hline Profit before tax & 3,216 & 1,468 \\ \hline Income tax expense & 1,254 & 572 \\ \hline Net profit & 1,962 & 896 \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{3}{|c|}{ ABC Co } \\ \hline \multicolumn{3}{|c|}{ Income statement 2021 } \\ \hline & Unaudited & \multicolumn{1}{|c|}{ Audited } \\ \hline & 30 -Nov & 31 -Dec \\ \hline Revenue & 20,007 & 19,943 \\ \hline Expenses & 13,305 & 15,428 \\ \hline Gross Profit & 6,702 & 4,515 \\ \hline Operating Expenses & 3,486 & 3,047 \\ \hline Profit before tax & 3,216 & 1,468 \\ \hline Income tax expense & 1,254 & 572 \\ \hline Net profit & 1,962 & 896 \\ \hline & & \\ \hline \end{tabular}