BBA BUS 400402 CORPORATE FINANCIAL MANAGEMENT (20% WEIGHTING) SUMMER, 2019-20 The balance sheet and profit and loss account of Mahmoud Ltd. for the year ended March 31, 2019, are shown + below. Balance sheet of Mahmoud Ltd. as on March 31, 2019 Liabilities Assets Share Capital $2,450,000 Fixed assets $2,875,000 Reserves 515,000 Current assets 854,000 Loans 1,325,000 Less Current liabilities 346,000 Net current assets 508,000 Investments 907,000 4,290,000 4,290,000 Income Statement of Mahmoud Ltd. For the year ended March 31, 2019 Sales $6,500,000 Less expenses 5,200,000 Depreciation 287,500 EBIT 1,012,500 Interest 132,500 EBT 880,000 Taxes (25%) 220,000 EAT 660,000 Note: 'Current Assets' include inventory worth $2,00,000 and receivables worth $565,000 Tasks: Based on the information supplied to you, complete the following tasks: 1. Compute a) Liquidity, b) Turnover and c) Profitability Ratios