Tutorial 13 Financial Analysis 2 LTJ 2022 Question 2 Statament of nrofit ar loe of Hill Fitarnrica for the vaar anded 21 August: Statement of financial position for Hill Enterprise as at 31 August: 2018RMRM2019RMRM2020RMRM Inventories as at 31 August 2017 amounted to RM42,000. Required: (a) Calculate the following ratios for years 2019 and 2020 (2018 is given): (i) Gross profit margin (2018: 34\%); (ii) Net profit margin (2018:11%); (iii) Current ratio (2018:3.6:1); (iv) Quick ratio (2018:2.4:1); (v) Inventory turnover days ( 2018: 104 days); (vi) Trade receivable days (2018: 81 days); (vii) Trade payable days (2018: 90 days). (b) Based on the ratios given/calculated for 2018,2019 and 2020, comment on the trends you see in each of the following categories of ratios: (i) Profitability; (ii) Liquidity; (iii) Efficiency