please help solving the all the questions from question1a b to question2 a b. Please give a detailed explanation. Thank you!

Question 1 Shown below are selected financial data for AB and XY Limited at the end of the current year: AB Ltd XY Ltd Net credit sales $675,000 $560,000 Cost of goods sold 504,000 480,000 Cash 51,000 20,000 Accounts receivable 75,000 70,000 Inventory 84,000 160,000 Current liabilities 105,000 100,000 Required: a) For each of the two companies, compute the following: 1. Working capital 2. Current ratio 3. Quick ratio 4. Inventory turnover ratio and average number of days required to turn over inventory 5. Accounts receivable ratio and average accounts receivable collection period. b) From the viewpoint of a short-term creditor, comment on the quality of each company's working capital. To which company would you prefer to sell $20,000 in goods on a 30-day open account? Question 2 The selected financial statements data of NGX Ltd. for the years ended 31 December 20x4 and 20x5 are as follows Year 20x5 (Sm 2.100 700 NGX Ltd. Trial Balances as of 31 December Year 20x4 (Sm) Cash 1,000 Trade Debtors 500 Closing stock 200 Equipment (net) 2.000 Trade Creditors Long term debt 1,000 Capital 1.000 Sales 4,900 Cost of goods sold (COGS) Depreciation 250 Salary expenses 1,2501 Tax 1001 600 2.800 3000 1.400 50 REQUIRED: a) Calculate (to 2 decimal places) the following ratios for the company in year 20x4 and 20x5. i. Net profit ratio vi. Creditors ratio ii. Gross profit ratio vii. Stock turnover ratio iii. Current ratio viii. Gearing ratio iv. Quick ratio V. Debtors ratio b) Comment on the profitability, efficiency, and short term liquidity of NGX Lid