The following is the income statement and balance sheet of Chan Ltd. as at March 31, 2019 and March 31, 2020: Chan Ltd. 2019 2020 $ $ $ $ Income statement Sales 10,283,000 12,028,000 Less: Cost of goods 8,620,000 9,880,000 sold (purchase in 2019 = $8,730,000) (purchase in 2020 = $9,716,000) Gross profit 1,663,000 2,148,000 Less: operating 1,177,000 1,400,000 expenses Operating profit 486,000 748,000 Less: Loss of selling the 20,000 machine Less: Interest expense 50,000 50,000 30,000 50,000 Net profit before tax 436,000 698,000 Less: Profits tax 70,000 130,000 Net profit after tax 366,000 568,000 Add: Earnings retained 683,000 925,000 for the previous year 1,049,000 1,493,000 Less: Ordinary share 124,000 148,000 dividend Profit retained for the 925,000 1,345,000 next year Chan Ltd. 2019 $ 2020 $ $ $ 2,000,000 800,000 2,500,000 850,000 1,200,000 1,650,000 360,000 680,000 120,000 267,000 2,627,000 420,000 800,000 180,000 196,000 3,246,000 Balance Sheet Assets Machinery Less: Accumulated Depreciation Inventory Accounts Receivable Prepaid expenses Bank and cash Total Assets Liabilities and shareholders' equity Current liabilities Accounts payable Interest payable Dividend payable Profits tax payable Total current liabilities Long-term debt 10% 2028 bonds Total liabilities Shareholders' equity Equity Retained Earnings 108,000 0 113,000 20,000 88,000 80,000 64,000 30,000 202,000 500,000 301,000 300,000 702,000 601,000 1,000,000 925,000 1,300,000 1,345,000 1,925,000 2,627,000 2,645,000 3,246,000 Total debt and equity Please calculate the following accounting ratios based on the data of the above two years: (a) Profitability (i) Gross profit ratio (ii) Net profit ratio (iii) Return on capital employed (b) Solvency (i) Current ratio (ii) Quick ratio (c) Financial structure risk (i) Debt ratio (ii) Loan to equity ratio (iii) Profit and interest ratio (d) Mobility (i) Asset turnover (ii) Inventory turnover period (days) (iii) Days' sales in accounts receivable (days) (iv) Days' purchases in accounts payable (days) note: If there is a decimal, the 2 digits after the decimal shall prevail. Unless it has been specified, if you need to use net profit to calculate the relevant ratio, please use the pre-tax net profit. The relevant formulas must be listed. Please show steps