As the Accountant of Rolston Traders Ltd one of your mandates is to do monthly financial analysis of the companys 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 companys 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):

1. Gross profit percentage. (5 marks)
2. Net profit percentage. (4 marks)
3. Current ratio. (4 marks)
4. Liquid ratio. (4 marks)
5. Working capital. (3 marks)
6. Average stock. (2 marks)
7. Inventory Turnover (3 marks)