CL Co. is a manufacturer of sports goods. Following financial statements for the year ended 31 December 2019 have been submitted to the Chief Executive Officer (CEO). Please refer the image for full question.

EL Co. is a manufacturer of sports goods. Following financial statements for the year ended 31 December 2019 have been submitted to the Chief Executive Officer (CEO). Statement of profit or loss Rs. in 000 Revenues 21,000 Cost of sales (17,500) Gross profit 3,500 Operating expenses (1,900) Finance cost (450) Profit before tax 1,150 Taxation Profit after tax 805 Statement of financial position Rs.in.000 Property, plant and equipment 7,500 Current assets 1,500 9,000 (345) Share capital Reserves Non current liabilities Current liabilities 4,000 1,000 3,000 1.000 9,000 Although the company's performance has improved from last year, CEO wants to compare the results with the industry. In this respect, the following industry data has been gathered. 23 % Gross profit margin Net profit margin Current ratio Gearing ratio Return on non-current asset Return on capital employed Return on equity 2.75 50:50 32.9% 27.4% 31.3% Required: 1) Calculate the company's ratio and comment. 2) The amount of some current assets are listed below: Inventory = Rs. 600,000 Accounts Receivable = Rs.700,000 Accounts Payable = Rs. 450,000. You are required to calculate the cash conversion cycle of the company and comment