QUESTION 2 The accountant of King\"s Ltd extracted the following figures from the first years Income Statement for the year ended 31 December 2020 and the Statement of Financial Position at 31 December 2020: REQUIRED (b) Calculate the following ratios to one decimal place, showing your workings and answer. (i) Profit (before interest) to revenue (ii) Current/Working capital (iii) Liquidity/Acid test (iv) Inventory turnover (based on closing inventory). (c) State the purpose of calculating the current/working capital ratio