+ + The following is selected information taken from the financial statements of Hardy Enterprises As at 31 March 2019 2020- Cash Sales 90000- 120000- Credit Sales 190000 255000 - Cost of Gooods Solde 150000- 185000 - Selling expenses 14000 24000++ Administration Expenses 32000 50000 Financial Expenses 13000 21000+ Cash in Banke 8000 Bank Overdrafte 50004 Accounts Receivable- 40000 4600022 inventory 680002 59000+ Property and Equipment 280000- 3700002 Vehicles 64000 7000020 Accounts payable- 78000- 109000-2 Mortgage 100000 120000 - Owners Equity 282000- 31100042 Additional Information: 1. Hardy Enterprises had no Sales returns in either 2019 or 2020 2. Drawings for 2019 were $182,000 and $210,000 for 2020. + + a. Calculate the following ratios for 2020 making sure you show all your working. The 2019 calculations have been completed for you." 2019 2020-2 Make up%+ 87% Net Profit 25% Selling Expenses% 5%+ Working Capital ratio- 1.49:12 Liquid Ratio + 0.62:10 Debtors Turnover 76.8days stock Turnovere 2.2 times b. Write a report interpreting the ratios that have been calculated for Hardy Enterprises for the period 1 April 2019 to 31 March 2020. Your report should comment on the profitability of Hardy Enterprises, its financial stability and the effectiveness of changes that its management has made over the period. Your report is expected to link directly back to the information provided and calculated for Hardy Enterprises - state figures and percentages in support of your conclusions." +