Question 1 The following figures have been extracted from the final accounts of YSL Limited, a manufacturer of building materials. The company has an authorized equity of $800,000 made up of 550,000 common stocks at $1 each and 250,0008% preference stock at SI each. YSL Limited, has already issued 400,000 common stocks and all the 8% preference stock. You are required to calculate the following for 2017 ; 1) The opening imventory if the rate of inventory turnover is 10 (based on average inventory). 2) Giross Profit Ratio. 3) Net Profit Ratio. 4) Current Ratio. 5) Quick Ratio or Acid-test Ratio. 6) Account Payable Repayment Period (in days). 7) The Dividend Yield. 8) The Price/Eamings ratio. 9) The camings per common stock in 2017. 10) How long would it take one common stock to recoup (recover) its 2017 market price based on present dividend payout rate? (100 marks)