Instruction: This section consists of only ONE (1) question. Answer the question by typing your answer after each sub-question. State your question number in the left side of your answer. The accounting information of Nice Gold Sdn Bhd for the year ended 31 March 2019 and 2020 are provided as below: 2020 (RM) 2019 (RM) Cash 71.000 68,000 Patents and copyrights 9,400 11.300 Long-term liabilities-8%bonds 68.500 59,900 Other assets 5,000 8,000 Accounts receivable 45,000 42.000 Retained earnings 173,300 126,900 Property, buildings and equipment (net) 195,000 162,000 Net sales 400,000 350.000 Long-term investments 67.000 43,000 Accounts payable 37,100 34,000 Opening inventory 90.000 20.000 Purchases 330,000 370,000 Common stock 60,000 60.000 6% preferred stock 7,500 7,500 Additional paid-in capital 46,000 46,000 Closing inventory 110.000 90.000 Additional information: Credit sales and credit purchases ate 20% and 15% respectively. Required: Based on the information given, a) Prepare a common size income statement and statement of financial position for the relevant accounting year end. [15 marks) b) Calculate the following ratios for the year ended 2020 and 2019. Round your answers to two decimal places. 1. Inventory tumover rate [2 marks] 2. Number of days' sales in inventories [2 marks] 3. Receivables turnover [2 marks] 4. Days of receivables [2 marks) 5. Gross profit margin on sales [2 marks] C) Analyze each of the ratios calculated in (b) for the year 2020 as compared to the year 2019 [15 marks) This paper consists of FOUR (4) printed pages excluding cover page