Part B [7 marks] Trade Supplies Ltd sells fashion clothes to small retailers on credit. Shown below are the calculations of some of its key ratios for 2021 and 2020. Note: if required, ratio formulae are provided at the bottom of this page. 2021 2020 Profit Margin 4.65% 4.21% Current Ratio 1.31 times 1.19 times Days in Inventory 91.8 days 55.3 days Quick Ratio 0.45 times 0.79 times Return on Assets 6.51% 6.48% Days in debtors 31.1 days 30.0 days Return on Equity 18.4% 16.0% Debt to Equity 183.2% 146.5% Required: a. Based on the ratios above, evaluate the profitability of the company over the 2 year period (4 marks). b. Explain whether you believe liquidity has improved or not, and the reasons for your conclusions. [3 marks] Font family Font size Format HCB Comments a. Profitability b. Liquidity