Record your pre-prepared ratio calculations for MicroSystems for the year ended July 2021 (based on the correct financial statements posted to FLO for Part 2 & in the Part 3 assignment brief). You must enter the numerator (top part of your ratio calculation) and the denominator (bottom part of your ratio calculation), both as whole numbers (0 d.p.). Your answer should be converted to a percentage (%) where specified, and rounded to 1 d.p. You must NOT enter any symbols or commas. E,g, if your gross profit margin was $6,460 / $12,305 x 100% = 52.499%, you should enter: Numerator 6460 Denominator 12305 Answer 52.5 Gross profit margin (%) Numerator Operating profit margin (%) Numerator Return on shareholders' funds Numerator (%) Current ratio Numerator Acid test ratio Numerator Interest cover ratio Numerator Gearing ratio (%) Numerator Denominator Denominator Denominator Denominator Denominator Denominator Denominator Answer % Answer % Answer % Answer times Answer times Answer times Answer % Micro Systems Income Statement For the Month Ending 31st July 2021 30,650 2,850 $950 2,750 $125 5,000 $300 $300 $250 2,800 1,714 1,900 140 350 230 120 850 Sales Less: expenses Cost of goods sold Salaries & Wages Expense Salaries & Wages Payable Accrued expenses Depreciation on Fixtures and fittings Rent expense Interest expense Interest payable Depreciation on motor vehicles. Advertising expenses Doubtful debt expenses Electricity expenses Cleaning expenses Insurance Expense Maintenance Expense Training expenses Telecommunication expenses Total expenses Net Income/(Loss) 58,750 51,279 7,471 Micro Systems Balance Sheet as at 31st July 2021 Nil 3,850 25,000 34,280 21,860 $890 24,000 12,000 ASSETS Current Assets Cash Prepaid Insurance Prepaid Rent Accounts Receivable Inventory Total Current Assets FIXED ASSETS Office equipment Motor vehicles Fixtures and fittings TOTAL ASSETS CAPITAL AND LIABILITIES Bank Overdraft Accrued expenses Interest payable Wages payable Accounts Payable Total current liabilities long-term liabilities Loan Accumulated Depreciation -Fixtures an d fittings Accumulated Depreciation - Motor vehi cles Allowances for doubtful debts Contributed capital Drawings Net income Total aliabilities 4.580 2.750 300 950 27.000 60.000 125 250 1,714 24,000 (7.200) 7,471 84,990 36,890 1,21,890 35,580 $86.310 1,21,890