Please answer all questions for this practice paper as detailed as possible thank you

Statement of Profit or Loss 2020 $'000 2019 $'000 Revenne Cost of sales Gross profit 1,393,998 991,284 (1,012.140) (724,426) 381.858 266,858 Other income Selling and distribution expenses Admistrative expenses Other expenses Operating profit 41,243 (7.222) (245,159) (4.580 166,140 8,933 (7,669) (172,787) (2.752) 92.583 Finance expense Finance income Profit before tax Tax expense Profit for the year 2,016) 984 165,108 (25.975) 139,133 (2,014) 1,338 91,907 (16,152) 75.755 Statement of Financial Position 2020 $'000 2019 $'000 Property, plant and equipment Linventories Trade and other receivables Cash and cash equivalents Total assets 340,299 77.911 19,949 253.901 692.060 356,189 82,166 17,981 76.419 532,755 Share capital Reserves Accumulated profits Equity 235,373 (65.522) 205,248 375,099 235,373 (66,298) 146,285 315,360 Deferred tax babilities Term loan Lease labilities Non-current habilities 3,615 15,000 23.109 41.744 3,042 0 30,239 33,281 Trade and other payables Curent tax payable Term loan Lease Iabilities Current habilities 208,089 29,754 15,000 22.374 275,217 140,766 16,605 0 26,743 184,114 Total equity & habilities 692,060 532,755 Statement of Cash Flows (Extract) 2020 $'000 2019 $'000 Cash flows from opearting activities 274,148 117,322 Cash flows used in iivesting activities (16,117 (52,182) Cash flows used in financing activities (80.549) (75.906) Net increase (decrease) in cash 177,482 (10,766) Cash at the beginmg of the year 76.419 87,185 Cash at the end of the year 253.901 76,419 Compose a memorandum to the Board analyzing Bedok's liquidity, leverage and asset management ratios for FY 2020 and 2019. In doing so, you should at least include the following ratios: (1) Current ratio (11) Quick ratio (11) Debt-equity ratio (iv) Times interest eamed Inventory days (vi) Receivable days (22 marks) Hypothesize the reason(s) why Bedok's FY 2020 operating profit of $166M is significantly different from cash flows from operating activities of $274M. (Note: Cash flows from operating activities is not in our lecture notes. You might rely on online resource to understand the concept.) (6 marks) (d) (e) Decompose Bedok's FY2020 and 2019 return on equity using the DuPont equation and discuss your observations. (6 marks)