Operating expenses Operating profit Interest expenses Profit before tax Tax (30%) (200,000) 200,000 (30,000) 170,000 51,000 Statement of financial position as at 30 September 2019 (Pula) Non - current assets 700,000 Inventory 200,000 Debtors 150,000 Owner's equity 500,000 Long-term loan 430,000 Creditors 90,000 Bank overdraft 30,000 Additional information (a) 50% of the merchandise purchased was bought on credit (b) Inventory as at 30 September 2019 amounted to P75,000 Required: (a) Calculate the following ratios: i. Current ratio ii. Quick ratio iii. ROCE iv. Debtors days (Assume 360 days per