Below is the condensed statement of financial position and income statement of Stanley Limited: Stanley Limited Statement of Financial Position 31 December 2021 ($ in million) Stanley Limited Income Statement For the year ended 31 December 2021 ($ in million) Cash Accounts receivable Inventory Supplies Property Truck Accumulated depreciation: Truck 3,050 (94) ? (1,820) 195 125 225 60 950 100 (30) 1,625 ? 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 (896) ? (35) 205 (57) 148 Accounts payable Income tax payable Unearned revenue Notes payable (due on 31 Dec 2025) Ordinary shares (par: $2.5 each) Share premium: Ordinary shares Retained earnings 220 124 50 405 400 302 124 1,625 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 $4.12 per share. (a) Gross Profit Rate (in %) (2 marks) (b) Current Ratio (2 marks) (c) Quick Ratio (2 marks) (d) Accounts Receivable Turnover Rate (2 marks) (e) Return on Equity (%) (2 marks) (f) Debt Ratio (in %) (2 marks) (g) Price-Earnings Ratio