As the Accountant of Rolston Traders Ltd one of your mandates is to do monthly financial analysis of the company's performance. This information will be used to guide the company in its forward planning. At the end of May 2020, your accounts supervisor presented you with the following information which was extracted from the company's books:

Details/Accounts

$

Accounts receivable

7,500,000

Net sales

35,000,000

Operating expenses

6,000,000

Cash

10,000,000

Cost of sales

9,500,000

Stock

9,500,000

Accounts payable

6,500,000

Opening stock - 5,000,000.

Calculate the following financial ratios (Round to two decimal places):

(a)Gross profit percentage. (5 marks)

(b)Net profit percentage. (4 marks)

(c)Current ratio. (4 marks)

(d)Liquid ratio. (4 marks)

(e)Working capital. (3 marks)

(f)Average stock. (2 marks)

(g)Inventory Turnover (3 marks)