B. Statement of Financial Position as on Dec 31, 2019. (13 Marks) Question 2 (20 Marks) Given below are the financial details of Musem Traders for the year 2018 & 2019, (All amounts below are in Omani Rials). Accounts Sales Cost of Goods Sold Expenses Receivable at year end Stock at year end Payables at year end Cash Building Bank Overdrant 2018 1.000.000 600.000 200,000 250.000 50,000 80,000 300,000 300,000 300.000 2019 1,200,000 800.000 105.000 300.000 80.000 65.000 150.000 150.000 450.000 Required: A From the above details calculate the ratios mentioned below for 2018 and 2019 1. Gross Profit Percentage (3 marks) 2. Net Profit Percentage (3 marks) 3. Current Ratio (3 marks) 4. Debtors collection period (3 marks) 5. Creditor payment period (3 marks) B. On the basis of ratios calculated, explain the meaning of each ratio and comment on the performance of the business in 2019 as compared to the performance in 2018. (5 Marks) Question: 3 (8 Marks) Discuss any four common users of financial statements and their interest in the financial statements of an organisation