Blaxland Ltd reported the following information:

	2020	2019
	$	$
Sales Revenue	250,000	320,000
Net Profit after tax	68,000	47,000
Total Current Assets	117,000	154,000
Total Non-current Assets	245,000	240,000
Total Current Liabilities	90,000	76,000
Total Non-current Liabilities	140,000	110,000

Required:

a) Using the above information, you are required to calculate the following financial ratios to two decimal places. Provide a formula and show your workings for each ratio.

i) Profit margin for 2019 (2 marks) ii) Current Ratio for 2020 (2 marks) iii) Return on Assets ratio for 2020 (2 marks)