Extract of the balance sheet of BarOne manufacturing

current assets: 2 425 000

Inventory: 1 050 000

trade and other receivables: 825 000

Cash: 550 000

Current liabilities: 928 500

Trade and other payables: 726 000

Accruals: 55 000

Taxation payable: 115 000

Provisions: 32 500

Extract of the income statement of BarOne manufacturing

Sales: 5 125 000

Cost of sales: 2 818 750

Gross Profit: 2 306 250

Of the sales, 75% are on credit, the remainder being cash sales purchases represent 80% of cost of sales, 60% of which are on credit

a) Calculate the quick ratio of BarOne manufacturing (round to 2 decimal places)

b) Calculate the net working capital of BarOne manufacturing

c) For BarOne manufacturing what is the gross proift margin