The following information has been extracted from the financial statements and the notes of Parvati Ltd. 2020 2019 Cash assets Marketable securities Receivables Inventories Prepaid expenses Property, plant and equipment Current liabilities Revenue (sales on credit) Cost of sales $ 33 100 107 000 72 500 182 000 4200 300 000 178 200 950 600 570 700 $ 35 900 100 300 73 900 166 800 6300 258 700 160500 902 900 532 800 Additional Information: 1. Total expenses (excluding cost of sales) were $300,000 in 2020. 2. Non-Current Liabilities were $120,000 in 2020 Required (a) Calculate the following ratios for 2020 only. Current ratio (Current Assets / Curent Liabilities) Receivables turnover in days (Average Receivables / Credit Sales) * 365 Inventory turnover in days (Average inventory / COGS) * 365 iv. Profit margin (Net Profit / Credit Sales) * 100 Return on owners equity (Net Profit / Total Equity) * 100 (b) Provide a detailed comment comparing the Liquidity and profitability position of Parvati Ltd. Include in your comments any other information that may assist your i. ii. iii. v. assessment