The executive director of Homa Ltd has circulated the following information as part of board paper: Homa Ltd. Financial Performance for the year ended 31 March: i) Return on investment Gross profit on sales ii) iii) Number of days credit given iv) Administrative cost of sales 1999 12% 25% 30 days 7% 1998 10% 20% 45 days 10% Required: Brief report on each of the above 4 ratios indicating the reservation, if any, you may have or judging them as improvement in performance. (9 marks)