Based on given financial statements for the year of 2020; i) Calculate the following ratios. (2.5 x 8 = 20 Marks) 01. Profitability Ratios a. Return on Equity (ROE) b. Net Profit Margin (NPM) C. Gross Profit Margin (GPM) 02. Financial Stability Ratios a. Total Debt to Assets Ratio b. Debt to Equity Ratio 03. Liquidity Ratios a. Current Ratio b. Quick Ratio C. Net Working Capital to Sales Ratio Income Statement Income Statement for the year ended 31.12.2020 LKR LKR LKR 300,000 30,000 220,000 250,000 Sales Less: Cost of Sales Stock as at 01.01.2020 Purchases Cost of goods to be sold Less: Stock as at 31.12.2020 Cost of Sales Gross Profit Discount Received (22,000) (228,000) 72,000 2,000 74,000 Distribution Expenses Discount allowed Bad Debts 2,500 1,500 4,000 Adminitrative Expenses Building Depreciation Electricity Telephone 70,000 6,000 2,000 78,000 Financial Expenses Bank Loan Interest 12,000 12,000 (94,000) (20,000) Net Loss Balance Sheet Statement of financial position as at 31.12.2020 Cost LKR Accumilated Carrying Depreciation Amount LKR LKR Non - Current Asstes Building 350,000 350,000 210,000 210,000 140,000 140,000 Current Asstes Stock as at 31.12.2020 Debtors Cash Total Assets 22,000 40,000 35,000 97,000 237,000 Capital Less: Net Loss 124,000 (20,000) 104,000 Non - Current Liabilities 12% Bank Loan 100,000 100,000 Current Liabilities Creditors Accrued Electricity Accrued Bank Loan Interest 30,000 1,000 2,000 Total Equity 33,000 237,000