Section IV. Financial Ratios - Calculation & Interpretation Six months has now past, and Marine has experienced continued growth and expansion which has attracted the attention of Big Liner PLC, a global manufacturer and retailer of sailing clothing and accessories who are looking for potential acquisitions. They have made some approaches to the Board of Directors and have asked for some information in financial results and analysis. The Board have asked the Finance Director to produce the Financial Statements (below) and has asked her to carry out some Variance Analysis including the following ratios: Profitability: Gross Profit Margin Operating Profit Margin Return of Equity Liquidity: Current Ratio Quick acid test Investment: Gearing Ratio . Interest Cover Efficiency: Inventory Days Receivable Days Payable Days Using 5 of these ratios (1 each from Profitability, Liquidity, and Investment; 2 from Efficiency) explain the ratio, what it means and what it is measuring (5 marks), calculate the ratio for both years (10 marks) and discuss the results/fluctuations in the two years in relation the company (5 marks). You should also perform some research with references.