Question 2: The accountant for Brunswick Tiles prepared the following list of account balances from the company's records for the year ended 30 June 2023. Required: a. Determine the current assets at the end of the 2023 financial year. b. Determine the total assets at the end of the 2023 financial year c. Determine the current liabilities at the end of the 2023 financial year d. Calculate the current ratio of Brunswick Tiles for 2023 and comment on the result 2022 ratio was 2.7:1. e. Calculate the Profit Margin and comment on the profitability of the business if net profit in 2023 was $150,000 and profit margin in 2022 was 10%. f. Calculate Asset-turnover ratio of the business and comment on the operating efficiency of the business if industry average is 3 times. (4+2+4+4+2+4=20marks) Formulas: Current ratio = Current Assets / Current Liabilities Assets Turnover = Sales Revenue / Total assets Profit Margin = Net Income / Sales Revenue