QUESTION ONE $[25]$The following financial statements relate to Wounder Ltd for $2022$ ?and $2023$ ?respectively.Statement of Financial PositionAssets $20222023$Non Current Assets $13150001180000$Inventory $150000170000$Trade Debtors $52500045000019900001800000$Equity and LiabilitiesOrdinary Share Capital $10000001000000$Distributable Reserve $700000500000$Bank Overdraft $80000110000$Trade Creditors $21000019000019900001800000$Statement of Comprehensive Income$20222023$Sales $18000001500000$Cost of sales $1200000800000$Gross Profit $600000700000$Less: Expenditure $150000120000$Profit before Interest and Tax $450000580000$Interest $5000040000$Profit before Tax $400000540000$Taxation $120000160000$Net Profit for the Year $280000380000$Required:$1\mathrm{.}1$ ?Calculate the following accounting ratios for both years:$1\mathrm{.}1\mathrm{.}1$ ?Gross Margin Percentage $(3)1\mathrm{.}1\mathrm{.}2$ ?Mark$-$up Percentage $(3)1\mathrm{.}1\mathrm{.}3$ ?Return on Assets before Interest and Tax $($do not use average figures$)(3)1\mathrm{.}1\mathrm{.}4$ ?Current Ratio $(3)1\mathrm{.}1\mathrm{.}5$ ?Acid$-$test Ratio $(3)1\mathrm{.}1\mathrm{.}6$ ?Return on Equity $($do not use average figures$)(3)1\mathrm{.}2$ ?Comment on the trends for the following ratios:$1\mathrm{.}2\mathrm{.}1$ ?Gross margin percentage $(2)1\mathrm{.}2\mathrm{.}2$ ?Current Ratio $(2)1\mathrm{.}2\mathrm{.}3$ ?Acid$-$test ratio