The following information relates to the business of Marco Food Ltd as at 30 June 2023. The owner is concerned about the profitability and financial structure of his business. Revenue Cost of sales Other expenses Cash and cash equivalents Inventories Accounts receivable Non-current assets Accounts payable Short-term borrowings Share capital Retained earnings Non-current liabilities Required: 30 June 2023 30 June 2022 $115,000 $ 152,500 74,750 81,250 15,250 20,000 52,000 78,000 82,250 74,500 42,000 61,000 80,500 74,000 13,250 19,500 21,000 15,000 159,000 173,000 29,000 32,000 34,500 48,000 a) Calculate the following ratios for 2023, to two decimal places, where possible (for example 2.45%) showing working: 1. Quick ratio 2. Equity ratio 3. Return on asset 4. Days in inventory