The following trial balance was extracted from the book of Hanna on ${31}^4,$ December, $2011.$

Prepare the Liquidity ratios $($current ratio and quick ratio$),$ Profitability ratios $($Gross profit

margin and net profit margin ratios$)$ and activity or turnover ratios $($inventory turnover ratio

and Trade receivable turnover ratio$)$

Required:

I. Inventories at ${31}^{st},$ December, $2011$ was $$5,000.$