Question 2 [15 marks Vee-Jay Company (Pty) Ltd Extracted the following Ratios from its books for the year 2020 together with the relevant industry averages RATIOS 2020 Industry average 1. Current Ratio 1,9 2 2. Acid test ratio 0,8 1 6 times 3. 4 times 51 days 40 days 4. Inventory Turnover Debtors' collection period (days) Creditors payment period (days) 61 days 50 days 5. . MDP135W OCTOBER NOVEMBER 2021 Required: 1. For each of the above five ratios , answer the following: a) what does the ratio measure b) state whether there is an improvement or decline in the ratio in comparison with industry average 2. Comment on the company's overall liquidity position in comparison with industry