Normal Heading bc Heading A Heading Ne Below is the relance She and her financial womain for Drones Rust 302019 8,000 20,000 Inventory Land and Bang Motor Vehicdes Shop Plant and Equipment Office Equipment 30 2070 10,000 22,000 2000 70,000 76,000 14,000 21,000 5,000 1400 20,000 15.000 T000 24,000 Accounts Payable Bank Overdraft Mortgage Loan Equity Ordinary Shares (fully paid $1 Shares) Retained Earnings 12.000 8,000 24,000 24,000 80,000 20,000 80,000 40.000 T.000 Additional information Gross Profit for 2019 is $48.000 and for 2020 is $60,000 COGS for 2019 is $72,000 and 2020 is $70,000 Opening Inventory 01/07/2018 was $26.000 - Credit sales for both years are 80% of total sales Total expenses (Excluding Tax) for 2019 are $20,000 and 2020 $19.000 Opening balance of Accounts Receivable 01/07/2018 was $6.000 Opening balance of Equity 01/07/2015 was $80,000 Company tax rate 25% Required: Calculate the following ratios for both years 2019 and 2020 (Show al Calculations) a. Current Ratio b. Liquid Ratio WENTWORTH INSTITUTE OF HIGHER EDUCATION CROSO c. Average Collection Period d. Inventory Turnover in days . Earnings Per Share EPS