b. Morning star plc. is a manufacturer of computer accessories. The following are details for the year ended December 31, 2020. Cash= 80,000 Inventories 40,000 Salaries expenses-10,000 Payables 40,000 Short term borrowings = 60,000 P.P.E=240,000 Receivables 70,000 Furniture 30,000 - Long term loans 140,000 Interest Expenses = 12,000 Required: Using the information above, compute the Company's below ratio and comment on each: a. Acid-test ratio b. Current ratio cuvent assets + Curvent Liabilities c. Gearing ratio L (15 Marks) b-current assets (cash +short termbrowing +Receivables +inventories). End of Questions