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The following is the statement of financial position of Albar Enterprise as at 31 January 2023. ALBAR ENTERPRISE Statement of Financial Position as at 31

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The following is the statement of financial position of Albar Enterprise as at 31 January 2023. ALBAR ENTERPRISE Statement of Financial Position as at 31 January 2023 Additional information: 1. Cash sales and credit sales for the year ended 2020 were RM 30,000 and RM70,000 respectively. 2. Cost of goods sold was 55% of sales. Required: a. Compute the following ratios for Albar Enterprise for the year ended 31 January 2023. i. Gross profit ratio ii. Net profit ratio iii. Current ratio iv. Quick ratio v. Inventory turnover

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