This question has two (2) parts. PART A (7 marks) Blaxland Ltd reported the following information: 2020 2019 $ $ Sales Revenue 250,000 320,000 Net Profit after tax 68,000 47,000 Total Current Assets 117,000 154,000 Total Non-current Assets 245,000 240,000 Total Current Liabilities 90,000 76,000 Total Non-current Liabilities 140,000 110,000 Required: a) Using the above information, you are required to calculate the following financial ratios to two decimal places. Provide a formula and show your workings for each ratio. i) Profit margin for 2019 ii) Current Ratio for 2020 (2 marks) (2 marks) iii) Return on Assets ratio for 2020 (2 marks) b) Provide a recommendation to Blaxland Ltd regarding how the company could improve the current ratio for 2020. (1 mark) PART B (6 marks) b) Provide a recommendation to Blaxland Ltd regarding how the company could improve the current ratio for 2020. (1 mark) PART B (6 marks) Mosman Ltd and Gorge Ltd have provided the following information, which relates to the year ended 30 June 2022. Profit Margin Debt/asset ratio Return on assets Current ratio Required: Mosman Ltd Gorge Ltd 12.0% 7.5% 80.4% 60.2% 12.4% 8.6% 1.4:1 2.00:1 Using the above information comment on each company's profitability, solvency and liquidity. In your discussion indicate which ratio(s) would be used to evaluate each category of performance and overall which company has the better performance for each ratio. (6 marks) 7 A B U I PART A a) i) Profit margin for 2019 Ff !!! PART A a) i) Profit margin for 2019 ii) Current Ratio for 2020 iii) Return on Assets ratio for 2020 b) PART B Profitability Solvency Liquidity