Question 5 You are given the financial information of Hong Kong F&B Supplies Limited for the financial years of 2018 and 2019 as follows: Revenue (all credit sales) Less: Cost of Sales Gross profit Less: Operating expenses Operating profit before tax Less: Income tax expense Net income 2018 S000 2,400 1,440 960 618 342 77 265 2019 $000 1,800 850 950 550 400 70 330 36 154 Cash Accounts receivable Inventories Non-current assets (net) Accounts payable Accrued expenses Bank loan, repayable in 2023 Share capital Retained earnings 19 214 292 1,244 415 10 399 500 301 1,451 347 9 88 550 775 445 Required: (a) Calculate to 2 decimal places the following ratios for the company for the year of 2019: (1) Gross profit ratio (ii) Net income to revenue ratio (after tax) Return on shareholders' equity (after tax) (iv) Current ratio Quick ratio (vi) Accounts receivable collection period (in days) (vii) Debt-to-equity ratio (viii) Inventory turnover (in times) (8 marks)