The following figures have becn extracted from the final accounts of YSL Linaited, a manufacturce of buildeng. materials. The company has an authorized eyuity of 5800,000 made up of 550,000 common stocks at 51 each and 250.000.8% preference stock at 51 cach. Y SL Limited, has already issued 400,000 cormenta stocks and all the 8% preference stock. You are required to calculate the following for 2017 : 1). The opening inversory if the rate of inventory turnover is 10 (baked ae average inventory). 2) Gross Profit Ratio. 3) Net Profit Ratio. 4) Cument Ratio. 5) Quick Ratio of Acid-tear Ratio. 6) Account Payable Repayment Period (in days). 7) The Dividend Y icld. 8) The Price Earnings ratio. 9) The earnings per common sock in 2017 . 10) How long would it take one commons stock to recoup (recover) its 2017 market price based an present dividend payout rate? ( 100 marks) Question 1 Indicate whether the common stockholders should be satisfied with the performance of the company, state of affairs and prospects of YSL company. You must use the relevant accounting ratios you obtained in Assignment 1 and other information to support your arguments. (80 marks) Question 2 "A rising liquidity ratio is a sign of prudent management." Discuss briefly