Snowy Alps Ltd reported the following information in its financial statements: 2021 2020 $ $ Sales Revenue 852,500 650,000 Cost of Sales 576,000 474,500 Net Profit 152,000 138,000 Total Current Assets 175,000 154,400 Total Property, Plant & Equipment 720,200 630,000 Total Current Liabilities 80,100 97,200 Total Non-current Liabilities 220,200 125,900 Retained Earnings 356,000 234,000 General Reserve 12,000 5,000 Share Capital 430,000 430,000 Included in total assets in 2020 is inventory of $40,300 and the company has no prepayments in 2020 or 2021. Required: Using the above information calculate the following financial ratios to two decimal places. Provide a formula and show your workings for each ratio.

a) Gross profit margin for 2021 (1 mark)

b) Asset Turnover for 2021 (1 mark)

c) Quick Ratio for 2020 (1 mark)

d) Return on Ordinary Shareholders Equity for 2021 (1 mark)