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The following is financial information relates to the business of CUSOON company. Mr. Aldiva, the owner of the business concerned about its liquidity as the

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The following is financial information relates to the business of CUSOON company. Mr. Aldiva, the owner of the business concerned about its liquidity as the result of economic downturn at the beginning of this year (2020). 30-Jun-20 140,000.00 30-Jun-19 105,000.00 Revenue (Sales of credit) Cost of sales 99,500.00 68,500.00 Other expenses 36,500.00 28,000.00 Cash (32,000.00) 28,000.00 nventories 54,500.00 37,000.00 Accounts Receivable 50,000.00 28,000.00 (net) Non-current assets 77,000.00 46,000.00 (net) Accounts Payable 18,500.00 19,000.00 Aldiva, Capital 108,000.00 120,000.00 Non-current liabilities 23,000.00 nventory at 1 July 2019 was $22,500 Accounts Receivable at 1 July 2019 was $22,000 1. 2. Required (a) Calculate the following ratios for 2019 and 2020: (56% MARKS) Profit margin Return on equity Current ratio Quick ratio Equity ratio Inventory turnover. 3. 4. 5. 6. 7 Accounts receivable turnover

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