Question 2 (Total 20 marks) Selected current year-end financial statements of CoCo Corporation are provided as followings. All sales were on credit; selected balance sheet amounts at December 31 of the prior year were: accounts receivable net $70,000; inventory $56,900; total assets $352,000; ordinary shares $200,000, and retained earnings $53,500. Required: (1) Compute the following: (round the ratios to one decimal) (14 marks) a. current ratio, b. acid-test ratio, c. days' sales uncollected, d. accounts receivable turnover, e. inventory turnover, f. days' sales in inventory g. debt-to-equity ratio, h. times interest earned, i. profit margin ratio, j. total asset turnover, k. return on total assets, 1. return on ordinary shareholders' equity, m. price-earnings ratio (assume stock price is $25 per share, and 100,000 shares are outstanding) n. dividend ratio (assume annual dividend is $0.4 per share) (2) Analyze which items are most responsive for the decline in net profit and how the company can improve the operation efficiency. (6 marks)