The information below was extracted from the books of Paul Motors spares as at 31 March 2018.

N$ Current assets (include inventory) 6 300

Current liabilities 4 600

Capital 26 000

Sales 15 400

Gross profit 3 600

Net profit 2 300

Inventory at 31 march 2018 2 200

1. Calculate the following liquidity ratios

a) Current ratio (3 marks)

b) Quick ratio (3 marks)

2. Calculate the following profitability ratio. Give your answer to two correct decimal places.

a) Gross profit margin

b) Net profit margin

c) Return on capital employed