Sticky Ltd has the following comparative data. Cash Accounts receivable Inventories Property, plant and equipment STICKY LTD Statement of financial position as at 30 June 2020 2019 $ $ 25,300 30,320 66,200 62,660 59,450 52,490 198,500 184,200 349,450 329,670 Accounts payable Loan payable (8%) Share capital, $10 each Retained earnings 52,570 97,000 135,000 64.880 349,450 62,740 97,000 124,000 45.930 329,670 Additional information for 2020 financial year. 1. Profit was $30,590 2. Sales on account were $275,540. Sales returns and allowances amounted to $30,600. 3. Cost of sales was $162,700. 4. Net cash provided by operating activities was $45,900. 5. The loan payable is a non-current liability in both financial years. 6. Depreciation for the financial year was $25,000 and there were no disposals in the financial year. Required PARTA (6 marks) Calculate the following at 30 June 2020 (round your final answers to 2 decimal places): a) Current ratio; b) Quick ratio; C) Average collection period; d) Average days in inventory: e) Cash return on sales ratio, f) Current cash debt coverage; g) Capital expenditure ratio; h) Free cash flow. PART B (4 marks). a) Comment on the result of the current and quick ratio and what it may mean for Sticky Ltd's financial position. b) If the previous financial year's average collection period was 105.60 days, provide comment on the change in collection period and how this may have arisen