Calculate the following ratios

a. Current Ratio

b. Liquid ratio.

Analyze the ratios and give you a report on the same.

Give a brief description of the company in your own words.

Al Maha Petroleum Products Marketing Co. SAOG Financial statements for the year ended 31 December 2020 Statement of financial position Note 2020 2019 RO'000 RO'000 ASSETS Non-current assets Property, plant and equipment 5 30,366 31,079 Investment properties 6 588 635 Right of use asset 7 4,072 3,515 Contract assets 8 a) 3,708 1,026 Deferred tax asset 24 2.387 2.157 Total non-current assets 41,121 38,412 Current assets Inventories 9 3,383 4.522 Contract assets 8 a) 1,159 Trade and other receivables 10 42,301 58.925 Short term deposit 11 10,000 20,000 Bank balances and cash 11 31,234 28,722 Total current assets 88,077 112.169 Total assets 129.198 150,581 EQUITY AND LIABILITIES Equity Share capital 12 6.900 6.900 Legal reserve 13 2.300 2,300 Retained earnings 30,032 33,990 Special reserve 14 2,104 2,104 Total equity 41,336 45,303 Liabilities Non-current liabilities Non-current portion of lease liabilities 7c) 2,946 2.631 Non-current portion of other payables 16 2,222 Employees' ond of service benefits 22b) 211 333 Total non-current liabilities 5,379 2.964 Current liabilities Current portion of fease liabilities 70) 1,329 1,025 Trade and other payables 16 35,780 45,226 Contract liabilities 8b) 255 112 Bank borrowings 17 44,731 55,032 Taxation 24 388 917 Total current liabilities 82483 102,314 Total liabilities 87,862 105278 Total equity and liabilities 129.198 150.581 Net assets per share 26 0.599 0.657 These financial statements were authorized for issue and approved by the Board of Directors on 22 February 2021 and were signed on their behalf by