Calculate the financial ratios for the company in2019 and 2020. (2 marks)

Note: Purchases were %70 of the cost of goods sold in both years.

Financial Ratios	2019	2020
Current ratio
Quick ratio
Inventory turnover
Average age of inventory
Average collection period
Average payment period
Asset turnover
Debt ratio
Debt to equity ratio
Times interest earned ratio
Gross profit margin
Operating profit margin
Net profit margin
ROA
ROE

Information for the year 2019 Marketable Securities 20,000.00 Accounts Receivable 00000 Inventory 30,000.00 Number of shares outstanding 120,000.00 Other current 10,000.00 Propert, Plant and equipment 400,000.00 Machinery R000000 Furniture 15.000 DO Vehicles 100,000.00 Paid in capital in excess of par value 600,000.00 Par value of sock 1.00 Notes payable 10,000.00 Accounts payable 30,000.00 Long term loan 49,000.00 Short term loan 20,000.00 Dividends IK,900.00 Cash 500,000.00 Accumulated deprecat 20.000.000 Sales 700,000.00 Depreciation expense 520000 Selling expense 15,000.00 Cost of goods sold 450,000.00 Research and development expone 30,000.00 General and administrative expense 20.000.00 Interest expense 16,000.00 Tax rate 359 Untities expense 30,000.00 lleginning balance of retained carings 237.800.00 Information for the year 2020 Marketable Securities 10.000.00 Accounts Receivable 50,000.00 Inventory 10,000.00 Number of shares outstanding 100,000.00 Other current 40,000.00 Propert, Plant and equipment 38100000 Machinery 60,000.00 Fumitur 70,000.00 Vehicles 120,000.00 Paid in capital in excess of par value 420,000.00 Par value of Stack 100 Notes payable 30,000.00 Accounts payable 5.000.00 Long term loan 00.000.00 Short term loan 13.500.00 Dividende 16,000.00 Casli 300,000.00 Acolated depreciation 25,000.00 Sales 900,000.00 Depreciation expense 500.00 Selling expertise 20,000.00 Cost of goods sold 0000000 Research and development expense 30.000.00 General and administrative expose 40.000.00 Interest expense 10,000.00 Tax rate 35% Us expense 45,000.00 Begiming balance of retained during