Requirements a) Give the formula and calculate the following SIX accounting ratios using the information above. . Gross Profit Margin ROCE Inventory days Trade Payable days Quick Ratio . Interest Cover (9 marks) b)Explain why each of the ratios chosen may be used to assess the performance of a business ie what information the ratio provides to help understand the performance of the business (6 marks) c) The prudence concept is a fundamental accounting concept Define the prudence concept and then explain the concept by giving an example (6 marks) CHILI wenners Requirements a) Give the formula and calculate the following SIX accounting ratios using the information above. . Gross Profit Margin ROCE Inventory days Trade Payable days Quick Ratio . Interest Cover (9 marks) b)Explain why each of the ratios chosen may be used to assess the performance of a business ie what information the ratio provides to help understand the performance of the business (6 marks) c) The prudence concept is a fundamental accounting concept Define the prudence concept and then explain the concept by giving an example (6 marks) CHILI wenners