Morning star plc. is a manufacturer of computer accessories. The following are selected items appearing in the income statement and balance sheet for the year ended December 31st, 2019.

Income Statement
	$
Net Sales	1,620,000
Less: Cost of Goods Sold	1,110,000
Gross Profit	510,000
Selling and general expenses	360,000
Net Operating profit	150,000
Interest expenses	24,000
Net Profit before tax	126,000
Income tax 35%	44,100
Net profit for the year	81,900

Balance Sheet
	$
Cash and short-term investments	45,000
Receivables	135,000
Inventories	96,000
Property, plant & Equipment	348,000
Total Assets	624,000
Total current liabilities	126,000
Total Non-current liabilities	156,000
Shareholders Equity	237,000
Retained Earnings	105.000
Total Liabilities and Equity	624,000

Required:

Using the information above, compute the Companys ratio below and comment on each:

a. Acid-test ratio

b. Current ratio

c. Asset Turnover

d. Interest Cover

e. Gearing ratio

f. Net Profit Margin

g. Inventory Turnover

h. Gross profit margin

i. Earning per share

j. Debt ratio