SECTION B. There are THREE (3) questions in this section. Answer ALL the questions QUESTION 1 The balance sheet and income statement for J. P. RObard Manufatcuring Company are as follows: J.P. Robard Manufacturing Company J.P. Robard Manufacturing Company Income Statement for the Year Fnded December 312018 Required: a) Calculate the following ratios from the above informations: i) Profit margin ii) Return on assets iii) Inventory turnover iv) Day Sales Outstanding 5 b) i. Analyse each ratios as in (a) and compare with industry ratios as stated below. Profit margin =30% Return on assets =27% Inventory turnover =15 times Day Sales Outstanding =23 days 5 times ( 3 points xlm=3m ) ii) Analyse the firm as a whole -Analyse in liquidity, profitability, efficiency ratio. ( 2 points for each 3=6m )