Use the following data to calculate the requested ratios for Accra Starlite Enterprises. Briefly analyse each answer. Assets R'000 Liabilities and Equity R'000 Cash 380 Accounts payable Accounts receivable 850 Accrues expenses 560 210 Inventory Current assets Fixed assets 670 Notes payable bank 450 1900 Current maturing long-term debt 90 1340 Current liabilities Long-term debt Equity 1310 690 1240 Total assets 3240 Total liabilities and equity 3240 *Prior-period inventory was 180 Income statement R'000 Net sales 9730 Cost of goods sold 6210 Operating expenses 2560 Interest expense 115 Other income Other expenses Taxes Net income 5 50 120 680 2) 3) 2 2 3 4 5 6 6) Current ratio Inventory turnover Debt/equity Times interest earned ROE Total asset turnover (asset utilisation) (2) (2) (2) (2) (2) (2) 8888