The financial statements of the company for the year ended 31 December 2019 are set out below income statement 2019 2018 Income net sales 2,000,000 1,700,000 dividend income interest income 200,000 150,000 120,000 50,000 total revenue 2,320,000 1,900,000 Balance Sheet 31.12.2019 31.12.2018 Assets Short-term assets Bank 70,000 50,000 Arka 30,000 40,000 IASH cost 40,000 300,000 200,000 Accounts Receivable 1,000,000 1,200,000 Expences Goods (at cost) 200,000 250,000 total short-term assets 1,600,000 1,740,000 Cost of goods sold 600,000 500,000 selling costs 400,000 300,000 total non-current assets running costs in general 200,000 170,000 a) Financial profit tax expense 300,000 200,000 Bonds (at cost) 2,000,000 1,700,000 interest expense total expences net income 240,000 130,000 1,620,000 1,300,000 materials Buildings 6,000,000 4,000,000 700,000 600,000 land AAJM -based on these statements, calculate the ratios turnover ratio b)return of receivables c)circulation flow ratio d) Inventory Turnover e)Days Sales Outstanding, Days Inventory Outstanding License total non-current assets Total of assets Liabilities and Equity Short-term liabilities Accounts payable invoices payable Taxes payable on profit Long-term liabilities 600,000 500,000 300,000 300,000 300,000 340,000 Accumulated depreciation 3,000,000 2,000,000 3,000,000 1,000,000 1,000,000 1,000,000 400,000 6,400,000 3,700,000 8,000,000 5,440,000 Bonds payable, 10% issued on 1.2.2004 total liabilities owner's equity 2,000,000 1,000,000 3,200,000 2,140,000 share capital AZ nominal value 200 all/piece 2,000,000 1,500,000 capital premium 200,000 100,000 Retained profit 2,600,000 1,700,000 Total owner equity 4,800,000 3,300,000 Total Liabilities and Equity 8,000,000 5,440,000