Styles c) The Balance Sheet of RC Majanja Limited as at 31 December 2019 was as under: Assets Amount Liabilities Amount Goodwill 120,000 Share Capital 200,000 Plant and Machinery 150,000 Reserves and Surplus 58,000 Inventory 80,000 Debentures 100,000 Debtors 45,000 Creditors 40,000 Cash in hand 17,000 Bills payable 20,000 Cash at Bank 8,000 Other current liabilities 2.000 420,000 420.000 Sales for the year Sh.120,000 Cost of sales Sh.240,000 Required: Compute the following ratios: i) Current ratio ii) Quick ratio iii) Inventory turnover iv) Average collection period (1 marks) (1 marks) (1 marks) (1 marks)