Calculate the following ratios of Kerry Fruits Ltd. along with explanation of these ratios: [Ratio formulae are attached on page 9.] (a) (i) Return on Asset (ii) Return on Equity (iii) Net Profit (iv) Margin Quick ratio (v) Debt to total assets ratio (vi) Current ratio (6*2 marks each = 12 Marks) (b) Briefly explain four limitations of financial statement analysis. (4 2 marks each -8 Marks) TOTAL OF 20 MARKS] Kerry Fruits Ltd Balance Sheet 30-Jun-17 30-Jun-16 Assets Current Assets Trade Receivable Cash Marketable securities Inventory Non-Current Assets Plant and machinery (Net of depreciation) 140,000 150,000 5,000 30,000 325.000 150,000 140,000 55,000 345.000 775,000 680,000 Total Assets 1.100,000 Liabilities Current liabilities Trade payable Non-Current Liabilities Bank loan 110,000 135,000 50,000 90,000 160,000 940,000 450,000 650,000 1.100,000 225,000 Total Liabilities Net Assets Owner's Equity Share Capital Retained Earnings TotalOwners Equity 300,000 500,000 800. Kerry Fruits Ltd