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The following information is extracted from annual reports of Sunshine Ltd at the end of 2020. 2020 2019 $ $ Cash assets 22,000 30,000 Accounts

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The following information is extracted from annual reports of Sunshine Ltd at the end of 2020. 2020 2019 $ $ Cash assets 22,000 30,000 Accounts Receivable 33,000 40,000 Inventory 35,000 38,000 Land 50,000 45,000 Accounts Payable 18,000 14,000 Short term Loan 20,000 Non-Current Liabilities 22,000 27,000 23,000 98,000 55,000 Revenue 105,000 Cost of Sales 53,000 Gross Profit 43,000 52,000 Other Expenses 33,000 31,500 11,500 19,000 Profit a) Calculate the following ratios for 2020 (1 decimal place): a. Current ratio (2 marks) b. Profit margin (2 marks) c. Asset turnover (2 marks) d. Inventory turnover (2 marks) e. Debt ratio (2 marks) b) Comment on the information about the company provided by each ratio

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