Question 1 The following data were taken from the financial statements of CoCo Ltd. and SESA Ltd. in the year ended of 31 Dec., 2020. Prepaid expenses Debtors Stock Total Assets Creditors Total current liabilities Credited sales Gross profit Total other expenses CoCo SESA 40,000 42,000 300,000 285,000 120,000 105,000 1,000,000 950,000 100,000 80,900 360,000 250,000 2,000,000 1,667,000 1,400,000 1,130,000 1,205,000 903,000 REQUIRED: a) Calculate the following ratios from part (1) to (7) for the two companies. 1) Net Profit ratio 2) Gross profit ratio 3) Current ratio 4) Quick ratio 5) Debtors collection period 6) Creditors payment period 7) Stock turnover ratio (14 marks) b) Comment on the profitability, short term liquidity, and efficiency of CoCo Ltd with SESA Ltd. (6 marks) (Total 20 marks)