H5 y...uestions - January 2017x AF1101 Introduction to. ..estions - January 2014x AF1101- uction to ...estions . January 2014 x AF1101 Section B-Answer TWO questions. Question 2 Answer BOTH parts of this question. The following information is taken from the financial statements of Tosco Plc, a large international chain of supermarkets. a) Extracts from the Balance Sheet showing information on current assets and current liabilities 31/12/2012 Emillion 3,600 2,750 2,100 8,450 Emillion 3,100 2,470 2,250 7,820 Inventories Trade and other receivables Cash Total current assets Trade and other payables Total current liabilities 11,200 11,200 10,500 10,500 Extracts from the Income Statement Revenue Cost of Sales Operating Profit 31/12/2012 million 65,400 59.175 3,850 31/12/2011 million 60.200 55,200 3,780 Using the information provided, calculate two ratios for each of the years ending 31 December 2012 and 31 December 2011 that provide information about the liquidity of Tosco plc