uChampion Pte Ltd
Financial statements for the years 2021-2022 are presented below
	2021	2022
Cash in hand	$26	$22
Accounts Receivable	29	37
Inventory	36	62
Equipment	115	165
Furniture	66	96
TOTAL	272	382
Accounts Payable	35	35
Bank loan (to be repaid after 3 years)	45	60
Share Capital	140	210
Retained Earnings	52	77
TOTAL	272	382
Net Sales	250	350
Cost of Goods Sold	190	280
Operating expenses	41	45
Net Profit	19	25

	Required:
	Compute the following ratios for 2022 (2 decimal places).
	Show your detailed supportive workings.
i	Gross profit margin	2 marks
ii	Net Profit margin	2 marks
iii	Current Ratio	2 marks
iv	Quick ratio	2 marks
v	Total Asset turnover ratio	2 marks
vi	Average collection period of accounts receivable	2 marks