Question 120 Maksimaalata Analysis TELLI Comparative lance Sport For the Year Ending March 31, 2019 2020 M of wacha) sve CE MARCH 31, 2019 MARCH 31.2020 Accounts receivable JOEY Total Current Assets Grossed NE 10 Less accod depreciation 60 KO R120 60 00 Need Total Assets bities and Owners Equity Current Liability count payable Noves payable KOLO 10 215 26 K46 KI 64 60 K106 KIG 10 126 20 10 k28 18 Total Current liabilities Long term debt Owner's equity Common stock Retained eam Total liabilities and owners equity 40 14 RIOD 40 20 K106 TEE Ltd had a total credit sales of K126 million with a net income of 126 million for 2020 and paid a total cash dividends of 20million to their common stockholders Required: Calculate the following financial ratios for the Tee itd using the information given in the table above for the year 2020. Show your workings (15 maris Current ratio bAcid test ratio Average collection period d. Inventory Holding period c. Fixed asset tur over Total asset turn over & Debt ratio h. Long-term debt to total capitalization 1 Return on total assets | Return on equity IL Discuss the limitation of financial ratios [5 Marks]. Question 120 Maksimaalata Analysis TELLI Comparative lance Sport For the Year Ending March 31, 2019 2020 M of wacha) sve CE MARCH 31, 2019 MARCH 31.2020 Accounts receivable JOEY Total Current Assets Grossed NE 10 Less accod depreciation 60 KO R120 60 00 Need Total Assets bities and Owners Equity Current Liability count payable Noves payable KOLO 10 215 26 K46 KI 64 60 K106 KIG 10 126 20 10 k28 18 Total Current liabilities Long term debt Owner's equity Common stock Retained eam Total liabilities and owners equity 40 14 RIOD 40 20 K106 TEE Ltd had a total credit sales of K126 million with a net income of 126 million for 2020 and paid a total cash dividends of 20million to their common stockholders Required: Calculate the following financial ratios for the Tee itd using the information given in the table above for the year 2020. Show your workings (15 maris Current ratio bAcid test ratio Average collection period d. Inventory Holding period c. Fixed asset tur over Total asset turn over & Debt ratio h. Long-term debt to total capitalization 1 Return on total assets | Return on equity IL Discuss the limitation of financial ratios [5 Marks]