B. Based on the completed Income Statement and Balance Sheet in part A, calculate the following accounting ratios (i) to (viii). Show your calculations. (i) Current Ratio (ii) Days' Sales in Inventory (iii) Accounts Receivable Turnover (iv) Gross Profit Ratio (v) Return on Owner's Equity (vi) Debt Ratio (vii) Average Daily Rate (ADR) (viii) Average Check (28 marks) Task A sustainable business requires effective planning and financial management. Ratio analysis is a useful management tool that will improve management understanding of the financial results and trends over time and provide key indicators of organizational performance. Empire Hotel Ltd. is a heritage hotel located in Cheung Chau with 50 guest rooms. The hotel also has its own restaurant with 40 seats. Below are the account balances for the year ending 31 December 2020: Account Accounts Payable Accounts Receivable Accumulated Depreciation: Equipment Accumulated Depreciation: Furniture and Fixture Administrative and General Advertising Bank Common Stock Cost of Sales Depreciation Electricity Equipment Furniture and Fixture Income Tax Inventory as at 31 December 2020 Land and Buildings Mortgage Loan Repairs and Maintenance Retained Earnings Revenue Salaries and Wages Sales and Marketing Water Debit($) Credit($) 724,000 480,000 810,000 580,000 420,000 84,000 6,623,000 2,218,000 1,880,000 309,000 420,000 1,600,000 780,000 417,400 260,000 4,300,000 4,740,400 136,000 3,291,000 9,800,000 3,655,000 390,000 409,000 Total 22,163,400 22,163,400