Modern Company provides the following data related to its assets and liabilities: Financial Position at 31 December 2020 AssetsCash and Cash Equivalents $29,000Account Receivable, Net31,000Merchandise Inventory53,000Property, Plant, and Equipment, Net 120,000Total Assets$233,000LiabilitiesAccounts Payable$14,200Notes Payable due within 3 months32,100Long-term Liabilities48,000Total Liabilities$94,300Stockholders' EquityShare capital $31,000Retained Earnings107,700Total Stockholders' Equity$138,700Total Liabilities and Stockholders' Equity $233,000During the year 2020, net credit sales were $300,000, and cost of goods sold was $210,000. Required: (round to two decimal places)(a)Based on the above information, compute the following: (16 marks)i.Working capitalii.Current ratioiii.Quick ratio (Acid-test ratio)iv.Debt to equity ratiov.Accounts receivable turnover and debts collection days vi.Inventory turnover (based on year-end amount) and days in inventory vii.Gross profit percentage(b)Give two comments to the companys financial performance and explain.