Use this balance sheet to calculate the following ratios:

QUESTION 11 The following information is given for Chris Tynan: Trading account for the year ended 31 March 208 Additional information All purchases and sales were on credit. The gross margin for the year ended 31 March 207 was 35.62%. The liquid asset ratio at 31 March 20*7 was 0.63:1. The debtors' collection period at 31 March 207 was 21 days. Required Calculate the following ratios: a) gross margin b) net profit margin c) overheads in relation to turnover ratio d) return on capital employed e) net current asset ratio f) liquid capital ratio g) debtors' collection period h) creditors' payment period. Comment on the results revealed by the gross margin; the liquid capital ratio; and the debtors' collection period