on 6 ored Below is selected information from the comparative financial statements of Book Club Supplies Pty Ltd for the year ended 31 December, 2020: 2020 2019 $ $ d out of og Bion Cash assets 80,000/ 70,000 Accounts Receivable 65,000 70,000 Inventory 70,000 80,000 Total Assets 500,000 480,000 Current Liabilities 140,000 120,000 Non-Current Liabilities 120,000 140,000 Sales Revenue 250,000 240,000 Cost of Sales 115,000 120,000 Gross Profit 135,000 120,000 Other Expenses 53,000 51,000 Profit 84,000 67,000 Required: a) Calculate the following ratios for the year ended 2020 (to 1 decimal place). 1. The inventory turnover ratio. (2 marks) 2 The debt ratio. (2 marks) 3 Quick ratio (2marks) 4 The receivables turnover ratio. (2 marks) 5. The profit margin ratio (2marks) b) Analyse Book Club Supplies Pty Ltd liquidity for the year ended 2020. (5 marks) W N N096