Alesha is in business buying and selling goods on credit. She prepared her draft financial statements on 30 April 2021 which contained the following balances. E Revenue - (all on credit) 150 000 Capital 70 000 Inventory 65 000 Trade payables 35 000 Trade receivables 30 000 6% bank loan (repayable 2023) 25 000 Bank 4 000 Dr Profit for the year 16 500 Required (a) Calculate the: (i) current ratio (2) (ii) liquid (acid test) ratio (2) (iii) trade receivables collection period (in days) (2) (iv) percentage return on capital employed. (2) (b) Comment on the liquidity of Alesha's business. (3) Alesha presented the financial statements to her accountant who required the following changes. Change 1 A sale or return of goods, f4 500 (cost $2 500), had been recorded in the accounts as revenue. The customer had not informed Alesha of their intention to buy or return the goods. Change 2 A customer, Bangla and Co, which had owed a debt of f11 000 for 150 days is now believed to have ceased trading. The debt is believed to now be irrecoverable. P65 Required (c) State whether each of change 1 and change 2 would increase, decrease or have no effect on the: profit for the year liquidity at 30 April 2021. (4) (d) Calculate, after making both changes 1 and 2, the: i) revised profit for the year (3) (ii) total value of the current assets. (4)