Dynamic Drilling provides the following information for 2021. Current Assets Total Assets Current Liabilities Total Liabilities Total Equity Net Cash from operating activities Sales Revenue Cost of Sales $ (Profit (Loss) / Total Equity) * 100 $ $ $ (Profit (Loss) / Total Assets) * 100 $ $ $ 225,075 420,675 156,240 Net Cash from Operating Activities / Current liabilities (Sales Revenue - Cost of Sales) / Sales Revenue * 100 187,740 232,935 $ 262,500 Profit Required: (a) Calculate the following to 2 decimal places (3 marks): i. Current ratio ii. Debt to Equity ratio iii. Cash flow to sales ratio 97,500 207,500 $ 25,700 iv. Gross profit margin v. Debt ratio vi. Cash flow ratio Note: In the table below are some ratio formulae that you may find helpful. (Total Liabilities/Total Equity) * 100 Total Liabilities/Total Assets * 100 Current Assets / Current liabilities Net Cash from Operating Activities / Sales Revenue * 100 (b) With reference to the ratios calculated, discuss each of following aspects of the business (2 marks): i. Liquidity ii. Solvency (c) Outline the limitations of ratio analysis (1 Mark)