Please answer the questions a and b and show your workings, thank you !

The following are the financial statements of E Ltd for the years ended 31 March 20x2 and 20x3. Balance sheets as at 31 December 20x3 20x2 $'000 S'000 $'000 280 $'000. 315. Non current assets, ar net book value Current assets - Stock Debtors Bank 240. 120- 0. 360 360- Total assets 675- Equity. Share capital Reserves 100. 85 185 Long term liabilities. 8% Debentures (issued in 20x0) 240 Current liabilities. Creditors Bank overdraft 110 0 110 100. 150. 250. 110 250. Total equity and liabilities 765 675 Income statements for the years ended 31 March 20x3 S'000 $'000 S'000 20x2. S'000. 1,500- 1,700 Sales Opening stock Purchases 240 1.150 1.390 200- 1.090 1,290- 240- 700 1.100 600 Less: Closing stock Cost of sales Gross profit Less: Operating and finance costs Net profit Taxation Net profit after taxation 3.40 1,050. 450. 270. 180- 20. 160- REQUIRED:- (a) Calculate to one decimal place the following ratios for E Limited for both years 20x2 and 20x3. Show workings. (64 marks) Acid test ratio;- Current ratio:- (iii) Creditors' repayment period (in days);- (iv) Debtors' collection period (in days);- (v) Gearing ratio;- (vi) Gross profit to sales percentage; (vii) Net profit (before interest and taxation) to sales percentage; and (viii) Return on capital employed REQUIRED: Calculate to one decimal place the following ratios for E Limited for both years 20x2 and 20x3. Show workings. (64 marks) (1) Acid test ratio;. (ii) Current ratio, Creditors' repayment period (in days); (iv) Debtors' collection period (in days); (v) Gearing ratio; (vi) Gross profit to sales percentage;. (vii) Net profit (before interest and taxation) to sales percentage; and. (viii) Return on capital employed. Comment on the performance of E Limited over the two year period using the ratios calculated in (a) in terms of: (36 marks) (i) (ii) (iii) Liquidity Long term solvency/risk Profitability