Timber Ltd. Statement of Financial Position as at 31.12.19 and 31.12.18 2019 2018 Assets E Non-current Assets 274.400 229,430 Current Assets Trade Receivables 85,450 52,345 Inventories 85,300 65,490 Cash at Bank 92,007 262.757 43,222 161.057 Total Assets 537.157 390,487 250.000 235,000 62,157 312,157 25,487 260,487 Equity and Liabilities Equity Share Capital Retained Earings Long-term Liabilities Long-term Borrowings Current Liabilities Trade Payables Total Equity and Liabilities 80,000 145.000 130.000 537.157 390.487 Timber Ltd. Income Statement for the years ending 31.12.19 and 31.12.18 2019 2018 Sales Revenue 567,584 510,619 Cost of Sales (373.486) (323,512) Gross Profit 194,098 187,107 (143,258) (176.139) 50,840 10,968 Expenses Operating Profit Finance Costs Profit before Tax Tax at 20% (5,000) 45.840 10,968 (9,168) (2.194) Profit after tax 36,672 8,774 Additional Information: Assume that all sales are credit sales and no dividend is proposed. You are required: Calculate the following five ratios for both years 2019 and 2018 (4 marks for each ratio for both years). i Gross profit ratio ii. Return on Shareholder's funds Current ratio iv. Quick ratio V. Trade receivables turnover ratio