Ex. 3. You are considering the purchase of a small business and have managed to obtain a copy of its financial statements for the last complete accounting year to 30 September 2013. These appear as follows: Income statement for the year to 30 September 2013 Sale 385.200 93.250 1743,40 (461) Lost cost of goods sold Openingimentories Phanchases Les doning inventories Gros probe Selling and delivery cost Administration costs Depreciation (182.NO) 202.240 Le cene 83,500 51,420 16,760 Net profit (171.680) 30.550 Balance Sheet at 30 September 2013 Assets Non-current Assets at cost 235,070 Loss accumulated depreciation (88,030) 147.040 Current assets Inventories Receivables and perpayments Bank and cash 84,630 36,825 9.120 130.575 277,615 Capital and liabilities Capital at 1 October 2012 Net profit for the year Proprietor's drawings Gurrent liabilities Payables and accruals 197.075 30.560 (12.405) 215.230 62,385 277.615 Calculate and comment the following accounting ratios from the financial statements presented above: (a) Gross profit to sales revenue ratio (b) Return on equity 3 (c) Return on assets ratio (d) Current rationem ved linsentend le B1660 1810 od mog 0 tonos alelo (e) Quick (acid test) ratio (1) Debt-to-equity ratio seq20s (g) Inventory turnover (h) Total working capital ratio