have two pictures to questions

have quick ratio and net profit ratio and creditors payment period

1.2 The management of Meat Village asked for a report that measures the current business performance which will be used for its forecasts. The following information shows extracts from the Balance Sheet and the Income Statement for two years: _(12 marks) Current year BD Previous year BD Current Assets: Stock Trade Receivables Cash at Bank CA 1,000 10,000 8,000 19,000 2.000 8.000 3,000 13,000 Current Liabilities Trade Payables Bank Overdraft CL 26,000 0 26,000 7,000 1000 8,000 23,000 Sales (all Credit Sales) Opening Stock Purchases (all Credit Purchases) Less: Closing Stock Cost of Sales Gross profit Expenses 6,000 5,000 -1,000 10,000 13,000 9,000 4,000 45,000 8,000 8,000 -2,000 14.000 31,000 14,000 17,000 Net profit The following ratios have already calculated for the two years: Ratio Current year Current ratio 0.73 times Gross profit percentage 56% Debtor's collection period 158.69 days Previous year 1.625 times 68% 64.8 days Based on the given information: Calculate the required ratios for the two years. State the purpose of each ratio. Compare between the two years, (you may use the information above to provide good analysis) + The ratio The use or purpose In current year In previous year The best ratio and the analysis Quick ratio Net profit ratio