Kindly work out in full.

21 (CPANov., 2005) a) NASACO Ltd., was completely destroyed by fire and all accounting and financial information were burnt. However, on going through the Director of Finance's briefcase which was salvaged by the owner, the following key data for the accounts for the year ended June 30, 2005 were found: i) Current ratio 1.75 ii) Liquid Ratio 1.25 iii) Stock Turnover (Cost of Sales / Closing Stock) 9 iv) Gross Profit Ratio - 25% of sales v) Debt Collection Period - months vi) Reserves and Profit and Loss to Capital - 2 vii) Turnover to Fixed Assets - 1.2 viii) Capital Gearing Ratio -0.6 ix) Fixed Assets to Net Worth - 1.25 x) Sales for the year Shs. 1,200,000,000 REQUIRED. Reconstruct the Balance Sheet of NASACO Ltd., as at June 30, 2005 using the above information. (12 Marks) b) Business A and Business B are both engaged in retailing, but seem to take a different approach to this trade according to information available. This information consists of ratios, as shown in thetable below: REQUIRED. Describewhat this information indicates about the differences in approach between the two businesses. If oneprides itself on personal services to its clients and one of them on competitive prices, which do you think is which and why? Your answer should include a discussion on the profitability, liquidity, efficiency and gearing of the two businesses. (8 Marks)(Total: 20 Marks) Ratio Questions