QUESTION 7 Boom Ltd has the following comparative data. Cash Receivables (net) Inventories Property, plant and equipment (net) BOOM LTD Statement of financial position as at 30 June 2020 2019 $ $ 20,290 30,330 64,300 57,950 61,110 52,520 200,840 174.880 346,540 315,680 48,370 57,520 95,000 95,000 134,000 126,000 69,170 36.890 346,540 315,410 Accounts payable Loan payable (159) Share capital, $10 each Retained earnings Additional information for 2020: 1. Profit was $19,530 2. Sales on account were $389,600. Sales returns and allowances amounted to $30,800 3. Cost of sales was $200,900 4. Net cash provided by operating activities was $51,100 5. The loan payable is a non-current liability in both years. 6. Depreciation for the year was $22,400 and there were no disposals in the year. Required Calculate the following at 30 June 2020 (round your final answers to 2 decimal places): a) Current ratio. b) Quick ratio. c) Average collection period. d) Average days in inventory. e) Cash return on sales ratio. f) Cash debt coverage. g) Current cash debt coverage. h) Capital expenditure ratio i) Free cash flow