Question 2 The following information of Aurelia Limited is given below: 3 0f 101mm Limited nmme Statements for the years ended: 2021 2020 $000 $000 Sales 280,000 160,000 Cost of goods sold (97,600! (62,000! Gross prot 182,400 98,000 Less: Operating expenses (65.0002 (47,700! Net income 117,400 50,300 Aurelia Limited Statements of Financial Position Assets 2021 $000 Plant and Equipment at net book value 180.000 Closing Inventory 50,000 Trade receivables 45,600 Cash 21,100 Total assets 296,700 Eguity: Share Capital 80,000 Retained earnings 167,700 Total equity 247,700 Liabilities: Trade payables 48.000 Accruals 1,000 Total liabilities 49,000 Total liabilities and equity 296,700 Required: a. Calculate the following ratios for each of the 2 years: i. Gross Prot Margin. ii. Net Profit Margin. _iii. Qurrent Ratio 2020 $000 110,000 30,000 23,000 13,650 176:650 80,000 50 300 l 130,300 45,810 540 46 350 i. 176,650 [4 marks] [4 marks] [4 marks