Non-current assets, net 303 POR Ltd. Statement of financial position as at March 31 2020 2019 RM RM 3.1383,358 Accounts payable Notes payable 301 361 Other current liabilities 956 992 Total current liabilities 303 264 696 58 Long-term debts 2.256 1.675 Share capital 5.394 5,033 Total Liabilities & Equity 2020 2019 RM RM 307 26 119 1.662 1.353 1,995 1,775 Inventory Accounts receivable Other current assets Cash Total curents assets 843 1,091 Total Assets 2.556 2,167 5.394 5.033 POR Ltd. Statement of comprehensive income for the year ended March 31, 2020 RM 5,000 (2.006) 2.994 (1,740) (116) 1.138 Revenues Cost of Goods Sold Gross profit Expenses Depreciation Eamings before interest and tax Interest Expense Taxable income Taxes Net Income EPS Dividends per share 1.131 (442) 689 3.61 1.08 Required: a) All sales are on credit. Compute the following ratios for the year 2020: 1) Current ratio i) Acid test ratio (Quick ratio) 11) Debt to assets ratio iv) Time interest earned v) Inventory turnover vi) Accounts receivable tumover vii) Assets tumover viii) Gross Profit margin ix) Net profit margin x) Retums on ordinary shareholders' equity (15 marks) b) Briefly explain three main limitations of ratio analysis. (6 marks) c) "The current ratio must be greater than the acid test ratio". do you agree? Is it possible that the two are the same, or the acid test ratio is greater than the current ratio