\begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{\begin{tabular}{l} Rosnani Company Ltd \\ BALANCE SHEET at 31 Dec 2022 \end{tabular}} \\ \hline & RM ('000) \\ \hline cash & 36300 \\ \hline Marketable securities & 6800 \\ \hline Acc receivable & 50300 \\ \hline inventory & 28900 \\ \hline Total current asset & 122300 \\ \hline Net fixed assets & 237400 \\ \hline total Assets & 359700 \\ \hline \multicolumn{2}{|l|}{ Liabilities and equities } \\ \hline account payable & 38200 \\ \hline notes payable & 7900 \\ \hline accuruals accout & 15900 \\ \hline Total current liabilities & 62000 \\ \hline long term loan & 102300 \\ \hline Total Liabilities & 164,300 \\ \hline \multicolumn{2}{|l|}{ Equities } \\ \hline Preference shares & 20000 \\ \hline Ordinary shares, RM2.50 par value & 19100 \\ \hline \multicolumn{2}{|l|}{100000 shares issues 2022:76262} \\ \hline paid up capital above par & 42800 \\ \hline Retained earning & 113500 \\ \hline Total equities & 195400 \\ \hline total liabilities and share holder equit & 359700 \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{\begin{tabular}{l} Rosnani Company Ltd \\ Income Statement for the year ended 31 Dec 2022 \end{tabular}} \\ \hline & \\ \hline sales & 307,400 \\ \hline cost of good sold & 208,800 \\ \hline gross profit & 98600 \\ \hline \multicolumn{2}{|l|}{ Less: } \\ \hline Operating expenses & 10000 \\ \hline sales expenses & 19400 \\ \hline administrative and general expenses & 3500 \\ \hline Depreciation expenses & 23900 \\ \hline Total operating expenses & 56800 \\ \hline profit before interest and tax (operating profit) & 41800 \\ \hline Less: Interest expenses & 9300 \\ \hline profit before tax & 32500 \\ \hline Less: Tax29% & 9425 \\ \hline Profit after tax & 23075 \\ \hline Less : Preference shares dividend & 1000 \\ \hline Profit available for ordinary shareholders & 22075 \\ \hline Earning pershare & 0.29 \\ \hline \end{tabular} calculate the below ratios: 1 current ratio 2 acid test ratio 3 cash ratio 4 debt ratio 5 debt equity ratio 6 Return on Investment (ROI) 7 Asset turnover ratio 8 Receivables turnover 9 Inventory turnover 10 Days 'sales in inventory 11 Profit margins 12 Return on assets 13 return on equity Explain the difference between a) Public offering and private placement b) Primary markets and secondary markets c) The money market and capital markets d) Organized security exchanges and over the counter markets Question 3 Explain the FIVE (5) key methods by which securities are distributed to final investors