Question 4 The statement of profit or loss and the balance sheet for MobileNet are presented below MobileNet Balance sheet as at 30 June 2016 $20000 5 000 Current assets Property, plant and equipment Intangible assets Total assets $72000 $ 9000 16 000 $25 000 Current liabilities Long-term liabilities Total liabilities Owner's equity M. Phone - capital Total liabilities & owner's equity 47 000 $72000 Statement of profit or loss for the year ended 30 June 2016 Sales revenue Cost of sales Gross profit Operating expenses $45000 20000 25000 18000 s 7000 a) Calculate the following i, the current ratio ii. the return on assets (use year-end figures ignore income tax and interest) ii the return on shareholders' funds (owner's equity; use year-end figures) iv. the debt to equity ratio, b) Prepare a presentation on the financial analysis conducted, commenting on the performance and position of MobileNet