Compute three ratios for Belmore Ltd for 2022: Return on ordinary shareholders equity, Quick ratio, and Receivables turnover. Please show all formulae.

The financial statements of Belmore Ltd appear below: Balance Sheets as at December 2021 and December 2022 Assets Cash Marketable securities Accounts receivable (net) Inventory Property, plant and equipment (net) Total assets $60,00080,000170,00090,000$400,000$120,000160,000145,00075,000$500,000 Income Statement for the year ended 31 December 2022 Net sales Cost of sales Gross profit Expenses Interest expense $24,000 Selling expenses 30,000 Administrative expenses 20,000 Total expenses Profit before income tax $360,000 176,000(184,000) Income tax expense Profit after tax \begin{tabular}{r} (74,000) \\ \hline 102,000 \\ 30,000 \\ $72,000 \end{tabular} Additional information: Assume all sales were on account. The financial statements of Belmore Ltd appear below: Balance Sheets as at December 2021 and December 2022 Assets Cash Marketable securities Accounts receivable (net) Inventory Property, plant and equipment (net) Total assets $60,00080,000170,00090,000$400,000$120,000160,000145,00075,000$500,000 Income Statement for the year ended 31 December 2022 Net sales Cost of sales Gross profit Expenses Interest expense $24,000 Selling expenses 30,000 Administrative expenses 20,000 Total expenses Profit before income tax $360,000 176,000(184,000) Income tax expense Profit after tax \begin{tabular}{r} (74,000) \\ \hline 102,000 \\ 30,000 \\ $72,000 \end{tabular} Additional information: Assume all sales were on account