Patrick Limited is a rapidly expanding Zambian company headquartered in Lusaka. Patrick

Limited distributes children$$s furniture to an increasing customer base spread throughout Southern Africa. In the last year, the company opened two new distribution centres in Harare and Windhoek. It plans to open two further centres in Gaborone and Johannesburg in the coming year. Patrick Limited's Income Statement $-$ Year Ended $31$st December $2013$

Patrick's Limited Balance Sheet as of $31$st December $2013$

Patrick Limited has negotiated an average settlement period of $30$ days from its creditors. Prepare

a report for the management of Patrick Limited that assesses the company's working capital

management for the year ended $31$st December $2013,$ by calculating the:

a$)$ Liquidity ratio

b$)$ Debt ratio

c$)$ Activity ratio

d$)$ Profitability ratio

Provide interpretations of each ratio calculated and the importance of thereof, and how each of

them aligns with the financial activities of the company.Extracts from Patrick Limited$$s most recent audited accounts are as follows: