Xuama Cultural village and Traditional Restaurant Balance sheet as at 30 June 2018 Balance sheet as at 30 June 2018 2019 N$'000 2018 N$'000 19 167 15 164 Assets Non-Current Assets - Net plant and equipment Current assets Inventory Accounts receivable Cash Total Current Assets Total Assets 4 906 2 510 906 8 322 27 489 4 608 2405 815 7 828 22 992 10 000 10 209 20 209 4 960 10 000 6 367 16 367 4 817 Equity and Liabilities Share capital Retained profit Total Equity Non-Current Liabilities - Long-term borrowings Current liabilities Trade and other payables Short-term borrowings Total Current Liabilities Total Equity and Liabilities 1 480 840 2 320 27 489 1 088 720 1 808 22992 Xuama Cultural Village and Traditional Restaurant Income Statement for the ended 30 June 2018 Income Statement for the year ended 30 June 2018 2019 N$'000 2018 N$'000 Sales 33 500 29 150 Cost of sales 18 970 16 290 Depreciation 1980 1650 Profit before interest and tax 12 550 11 210 Interest paid 486 463 Net profit before tax 12 064 10 747 Taxes 4222 3 761 Net profit after tax 7 842 6986 Dividends Additions to retained profits 4 000 3 842 4 000 2 986 Required: Calculate the following ratios for 2018 and 2019. Use a 365 -day year (20 MARKS) a) Current ratio b) Quick ratio c) Debtors collection period d) Gross Profit Margin e) Interest coverage ratio f) List any five (5) limitations of ratio analysis (3) (3) (3) (3) (3)