QUESTION 2 (25 MARKS) Given below the Financial Statement of Rezeki Sdn Bhd for the year ended 31 December 2020 and 2019: Rezeki Sdn Bhd Statement of Financial Position as at 31 December 2020 and 2019 2020 (RM) 2019 (RM) Cash 21,000 18,000 Accounts receivable, net 31,000 35,000 Inventory 53,000 25,000 PP&E, net 120,000 90,000 Total assets 225,000 168,000 Accounts payable 4,000 6,000 Accrued liabilities 2,000 1,000 Long-term notes payable 84,000 90,000 Total liabilities 90,000 97,000 Ordinary shares 30,000 2,000 Retained earnings 113,000 74,000 Treasury shares (8,000) (5,000) Total stockholders' equity 135,000 71,000 Total liabilities and stockholders 'equity 225,000 168,000 Additional Information: i. Net Credit Sales is RM 240,000 ii. Cost of Goods Sold is RM110,000 Required: Calculate the following ratios for 2020: a) Current ratio b) Inventory turnover (5 marks) (CLO2:PLO5:C3) c) Account receivables turnover d) Return on assets ratio (5 marks) (CLO2:PLO5:C3) (5 marks) (CLO2:PLO5:C3) (5 marks) (CLO2:PLO5:C3) e) Asset turnover ratio (5 marks) (CLO2:PLO5:C3)