The condensed financial statements of the Glorious Berhad. for the years ended 30 June 2022 and 2021 are presented as follows:

Glorious Berhad

Balance Sheets

30 June (in millions)

	2022	2021
Assets Current assets Cash and cash equivalents Account Receivables (net) Inventories Prepaid expenses and other current assets Total current assets Property, plant and equipment (net) Investments Intangibles and other assets Total assets	RM546.9 624.8 544.5 211.4 1,927.6 580.7 30.3 877.9 RM3,416.5	RM346.7 580.6 630.3 181.3 1,738.9 528.7 41.0 910.2 RM3,218.8
Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity common Total liabilities and stockholders' equity	RM959.6 635.0 1,821.9 RM3,416.5	RM856.7 650.0 1,712.1 RM3,218.8

Glorious Berhad

Income Statements

For the year ended 30 June (in millions)

	2022	2021
Revenues Cost and expenses Cost of goods sold Selling and administrative expenses Interest expense Total costs and expenses Pretax income Income taxes Net income	RM4,751.5 1,273.4 3,133.6 17.6 4,424.6 326.9 114.4 RM212.5	RM4,682.1 1,226.4 2,947.6 26.7 4,200.7 481.4 174.0 RM307.4

Required:

Analyse Glorious's financial statements. Include the computation of the following ratios for 2021 and 2022 and comparisons of these ratios in your discussion.

1) Current ratio

2) Inventory turnover (Inventory on 30 June 2021 was RM546.30)

3) Return on assets (Assets on 30 June 2021 were RM3,043.30)

4) Return on common stockholders' equity

5) Debt to total asset ratio