QUESTION 1 The following are the accounts of Teto Co, a business which provides service support (cleaning) to customers worldwide. 2021 Bwp (m) 2,176.2 1,659.0 517.2 2020 Bwp (m) 2,344.8 1,731.5 613.3 Sales revenue Cost of sales Gross profit Current assets Inventories Receivables (note 1) Short-term deposits and cash Current liabilities Loans and overdrafts Tax on profits Accruals Payables (note 2) 42.7 378.9 205.2 626.8 78.0 431.4 145.0 654.4 32.4 67.8 11.7 487.2 599.1 81.1 76.7 17.2 467.2 642.2 27.7 12.2 Net current assets Notes: Trade receivables Trade payables 295.2 190.8 335.5 188.1 a. Required: a. Calculate the liquidity and working capital ratios. b. Comment on the results of your calculations. c. Explain the limitations of relying on the ratios. (15 marks)