Using the financial statements given below, you are required to calculate the i. Dividend-payout ratio (5 Marks) ii. Net-working capital (3 Marks) iii. Quick ratio (3 Marks) Income statement Balance sheet (ZMK) (ZMK) Sales 280,000 Non-current assets 105,000 Less cost of sales (210,000) Inventory (stock) 15,000 Gross Profit 70,000 Receivables (Debtors) 13,000 Less Administration expenses 46,000 Bank 5,000 Net profit (EBIT) 24,000 Total assets 138,000 Less: Interest on loan 4,000 Accounts payables 12,000 Earnings before tax 20,000 Ordinary share capital 100,000 Less Tax 6,000 Retained profits 26,000 Net income 14,000 Total Liabilities & Equity 138,000 Less: Dividend 5,000 Returned earnings 9,000 Q7. What does the dividend-payout ratio you calculated in Q6.i indicate? (3 Marks)