Question 4 Davida sells various types of traditional herbs since December 1989. The following information had been extracted from the financial statements of Davida for the year ended 31 December 2018 Owner's equity Current liabilities Non-current assets Prepaid expenses Account receivable Bank Inventory as at 31 December 2018 Net profit Net purchases Total Sales RM 301,500 42,500 218.250 750 50.750 25,000 50.000 96,500 117.250 300,000 Additional information: i. 30% of the sales are cash sales. ii. Average inventory for the year is RM 53,750. iii. Cost of goods sold for the year is RM 124,750. Required: Calculate the following ratio for Lynn Herbs Enterprise for the year ended 31 December 2018 a) Current Asset Ratio b) Acid Test Ratio c) Inventory Turnover Ratio d) Account Receivables Collection Period e) Net Profit Margin