Below is the condensed statement of financial position and income statement of Ross Limited Ross Limited Statement of Financial Position 31 December 2021 (S in million) Ross Limited Income Statement For the year ended 31 December 2021 (S in million) 3.200 116) Cash Accounts receivable Inventory Prepaid expenses | Land Machine Accumulated depreciation: Machine 02.020) 95 125 275 60 725 80 (10) 1.400 Sales Sales Return and Allowance Net Sales Cost of goods sold Gross profit Operating expenses Operating profit Interest expense Profit before taxes Income taxes Net profit (926) (40) 100 (28) 72 Accounts payable Income tax payable Uneamed revenue Notes payable (due on 31 Dec 2025) Ordinary shares (par $1.25 cach) Share premium: Ordinary shares Retained earnings 120 24 50 30 900 102 124 1.400 Additional Information (1) Beginning and ending balances of all assets, liabilities and equity items remained almost constant throughout the year (2) All sales and sales returns are on credit sales (3) Market price per share on 31 December 2021 was 1.56 pet share. Required: Compute the following for Ross Limited. Round your answers to two decimal places. All answers MUST be expressed in the unit as specified in the question, if any, Show your working (a) Current Ratio marks) (b) Quick Ratio marks) (c) Gross Profit Rate (in (2 marks) (d) Accounts Receivable Tumover Rate marks) Page 10 of 11 Osestion B3 [continued (e) Debt Ratio (in %) (2 marks) ( Return on Equity (%) mark (g) Price Earnings Ratio