Assume that the following ratios were calculated for Sanko plc, and use the information to answer the following questions. a b d e Ratio Return on assets Trade payable time Current ratio Net profit margin Trade receivables turnover ratio Debt: equity ratio Total asset turnover ratio Inventory turnover time Finance cost coverage Financial leverage 2010 20% 15 days 2.5 times 20% 1.4 times 0.45 1.00 times 15 days 2 times 1.125 times 2009 15% 30 days 3 times 10% 2.4 times 0,60 1.50 times 20 days 0.5 times 1.25 4 g h i j a) Did the profitability of the company improve during the year? Why? (3 Marks) b) Did liquidity improve during the year? Why? (3 Marks) c) What caused liquidity to change in the way that it did? (3 Marks) d) Did the company's solvency decline during the year? Why