Hello, I've been thinking of buying Chegg but want to see if it is worth it.

The question is,

8.12 L02/5 The following details concern the business of N. Shakey, who is worried about the profitability and financial structure of his business at 30 June 2017, especially since the bank is requiring repayment of his overdraft 30 June 2016 $ Sales (credit) Cost of sales All other expenses Cash at bank 30 June 2017 $ 90,000 63,000 21,000 (18,000) 33,000 30,000 48,000 9,000 72,000 60,000 39,000 12,000 12,000 18,000 12,000 24,000 6,000 60,000 Inventory Accounts receivable (net) Non-current assets (net) Accounts payable N. Shakey, capital (The balance as at 1 July 2015 was $56,000) Non-current liabilities Inventory at 1 July 2015 was $15,000 Accounts receivable at 1 July 2015 were $10,000 12,000 (a) Calculate the following ratios for 2016 and 2017: i operating profit margin ii rate of return on owners' equity iii current ratio iv acid test ratio V gearing vi inventory turnover period. (b) Write a short report to the owner about: i profitability ii short-term liquidity iii long-term solvency. 2