$27\mathrm{.}5$A The following are extracted from the balance sheet as at $31$ March $2020$ and $31$ March $2021$

of Glebe Ltd:

Required:

$($a$)$ Calculate for each of the two years two ratios that indicate the liquidity position of the

company.

$($b$)($i$)$ From the information given, give reasons for the changes which have occurred in the

working capital.

$($ii$)$ What other information regarding the current assets and current liabilities would you

consider necessary to assess the ability of the business to continue in operation?

$($c$)$ Discuss any other information available from a balance sheet that may affect an assessment of the liquidity of a business.