The latest financial statements for a public limited company are summarised below: Income statements for the years ended 31st December in millions: (a) Income Statements Sales Gross profit (i) (ii) (iii) Operating profit Interest payable Profit before tax (iv) (v) Taxation Profit after tax Current assets: Inventory Receivables Total assets 50p Ordinary shares Share premium Retained profits Shareholders' funds Dividends Retained profit for the year Statements of financial position as at 31st December in millions: Statements of financial position Non-current assets at net book value Debentures Current liabilities: Payables Bank overdraft Dividends Corporation tax Shareholders' funds and liabilities. 2019 100 40 15 5 Earnings per share Operating profit % sales Inventory holding period in days. Quick or acid test ratio 10 3 7 6 1 2020 2019 146 9 24 179 60 0 48 108 45 12 5 6 3 110 43 179 Calculate the following ratios for each of the two years. Return on equity 17 9 8 2 6 6 0 2020 244 12 18 274 90 20 48 158 90 12 6 10 6 2 274