Hello! I need help with the B part please.

Thank you

PART B a) According to the information available in Income and Financial position statements in Part A, calculate the following ratios for Anne's business for October 2021 Competitors Average Net profit Gross margin profit margin Current Acid test ratio ratio Accounts receivable Accounts collection period payable payment period 16 Days 27 Days 28 Days 12Days Year 2019 Year 2020 0.32 0.28 0.55 0.56 wa 2.7 2.6 1.34 1.32 Year 2021 0.02 0.08 2.8 1.38 26 Days 17 Days b. Assuming Anne's competitor's ratio averages are as stated above for month October of years 2019, 2020 and 2021: Analyse her performance with reference to the ratios of October 2021 calculated in comparison to those of her competitor. Also, briefly explain the impact of Covid - 19 outbreak on the average ratios (Maximum of 500 words), Part A Anne York is a sole trader who started the business of buying and selling furniture in Brighton on the 1st of October 2021 She is going to prepare accounts to 31st of September 2021. She contributed to the business with 10,000 in the Bank, 4,800 cash, 45,000 flat and 12,000 Car. The transactions during the month are as follows: 2/10 Purchased furniture 5400 for sale on credit from Home Ltd 4/10 She bought a computer for 800 and a printer 200 from a local shop in London and paid by cheque. 5/10 Sold goods for 2800 and received the money via Bank account 12/10 Paid in Cash 110 for repairing printer 18/10 Part of furniture returned to Home Ltd 250 21/10 The owner received rent 800 for flat and deposited it to the bank account 23/10 Sold goods to Rayan 2100; from this amount 1800 cash received immediately and the rest remains on credit 23/10 Sold goods of 700 to David and received cash 24/10 Bought a new Laptop for business use by issuing a cheque 1700 26/10 Paid the month's wages to the part-time shopkeeper by cheque 820 30/10 The owner rented an office place in a Business Park near the London on 1 October and paid rent by cheque 850 31/10 The owner has also paid 1200 from the business bank account to book a hotel and flight in Scotland for her holiday 31/10 150 Cash received from Rayan. e) Statement of Financial Position as at 31/10/2021 Details Debit Credit Non-Current Assets Flat 45000 Car 1200 Computer Printer 2500 200 59700 320 Current Assets Inventory Receivables Bank 150 8030 Cash 7340 Total Assets 15840 75340 Less Current Liabilities Purchase 5150 Non-Current Liabilities 0 Net Assets 70390 Capital 71800 Less Net Loss 210 Total 71590 Less Drawings 1200 70390 d) Income Statement for the year ended 31/10/2021 f 5600 Details Sales Less costs of goods sold Refund Purchases 5400 250 5150 Less closing inventory 320 4830 770 Gross profit Rent received 800 1570 Less expenses Printer repairs Rent 110 850 Wages 820 (1780) NET LOSS (210)