You have been given 4 ratios for the last two years for Smith and Jones Ltd and asked to give your opinion on what they indicate about the business performance and identify any areas for concern? Comment on each ratio as well as highlighting any concerns.(10 marks) 31 December 2018 31 December 2019 Gross Profit Margin Net Profit Margin 45% 12.5% 47.2% 9.2% Current Ratio Quick Ratio/Acid Test 2.5: 1 1.2:1 2:1 0.8:1 (ratio formulae given at bottom of test paper)