Statement of profit or 2020 2019 E Sales Revenue 700,000 Less Cost of goods sold 4539,000) 625,000 -(468,750) Ge Profit 161,000 156,250 Administration expenses 42.000 37,500 Selling & Distribution expenses 56,000 50,000 87,500) Operating Profit (PBT) 43,000 68,750 42,750 -0.125) P(PHT) 60250 65625 47532 -8203) Profit after (PAT) 52.719 57422 Statement of Financial Position 2020 2019 E 142.500 Non-Current Assets at NBV 152.500 Current Assets Inventory 52.500 37,500 Accounts Receivable 12500 41,000 Bank 37672 152672 9.625 88.125 Total 345372 250,625 Equity & Lib Equity Ordinary Share Capital 100.000 Retained profits 110,141 210,141 100,000 57.422 157,422 Non-Current Liabilities 55,000 $5,000 62.500 62.500 Current Liabilities Accounts Payable 32.500 22.500 Acal 2332 40,032 201 30.703 Total Equity and Liabilities 345.172 250,625 Required: (a) Calculate the following ratios for COP Lad for 2020 and 2019; Gross Profit Ratio i. Net Profit Ratio (using PBIT) Return on Capital Employed (using PBT) iv. Retum on Owners Equity (using PAT) v. Cament Ratio vi. Acid Test Ratio vii. Inventory Turnover Ratio viii. Accounts Receivable Days ix. Accounts Payable Days x. Debt Equity Ratio (Gearing) (75 Marks) (b) Using the ratios calculated in part (a) comment on the performance of the Company over the two years. (25 Marks)