g+ . . . Income Statement Sales (Credit sales) 600,000 Cost of goods sold* 200,000 Gross Profit 400,000 Operating expenses 40,000 EBIT 360,000 Interest 48,000 Earnings before tax 312,000 Tax @ 30% 93,600 EAIT (Net profit) 218,400 No. of shares 50,000 Depreciation 22,700The Balance Sheets and Profit and Loss accounts of Green Technology Lid. during 2020 are presented below. During the period the company undertook a major expansion program. You are required to compute the important ratios for the year and assess the financial health of the company, indicating the trend analysis in its financial performances. Balance Sheet Assets and Properties: Cash in hand 8,400 Cash at bank 22,100 Accounts Receivables 75,000 Bills Receivables 9,600 Inventory 176000 Fixed Assets (Net) 771300 Total Assets 1,062,400 Liabilities and Equity: Creditors for goods 19,000 Creditors for expenses 6,700 Short-term bank loan 12,700 Debenture 260,000 Equity Share Capital 509,000 General Reserves 190,000 Taxation Reserve 65,000 Total Liability & Owners Equity 1,062,400equirements: 1. Calculate- Liquidity Ratios (current ratio, the acid-test ratio, accounts receivable turnover, and inventory turnover. 2. Calculate- Profitability Ratios (profit margin, asset turnover, return on assets, return on common stockholders' equity, earnings per share, price-earnings ratio, and payout ratio.) 3. Calculate- Solvency Ratios (Debt to Assets and Times Interest Earned)