uChampion Pte Ltd Financial statements for the years 2021-2022 are presented below Cash in hand Accounts Receivable Inventory Equipment Furniture TOTAL Accounts Payable 35 Bank loan (to be repaid after 3 years) 45 Share Capital Retained Earnings 52 TOTAL Net Sales Cost of Goods Sold Operating expenses 41 2017 INN LE 115 2021 2022 $26 $22 29 37 36 62 165 66 96 382 35 60 140 210 77 272 382 250 350 190 280 45 Net Profit 19 25 Required: Compute the following ratios for 2022 (2 decimal places). Show your detailed supportive workings. Gross profit margin i ii Net Profit margin iii Current Ratio iv Quick ratio V Total Asset turnover ratio 2 marks 2 marks 2 marks 2 marks 2 marks vi Average collection period of accounts receivable 2 marks