Selected information from the comparative financial statements of Fabulous Homewares for the year ended 31 December appears below:

	2021	2020
Cash at bank	$85,000	$90,000
Accounts Receivable	220,000	210,000
Inventory	70,000	60,000
Plant and Machinery (net)	380,000	400,000
Accounts Payable	45,000	40,000
Short-term Loan	180,000	190,000
Long-term Debt	260,000	300,000
Sales	500,000	650,000
Cost of Sales	300,000	250,000
Gross Profit	200,000	400,000
Profit	55,000	45,000

a) Calculate the following ratios for 2021 to one decimal place:

1. current ratio (2 marks)
2. quick ratio (2 marks)
3. accounts receivables turnover ratio (2 marks)
4. inventory turnover ratio (2 marks)
5. profit margin (2 marks)

b) Comment on the profit margin and accounts receivable turnover ratio. (4 marks)