The following financial statements were prepared for the management of MNM Ltd. The statements contain some information that will be disclosed in note form in the general purpose financial statements to be issued.

Additional information
1. The balances of certain accounts at the beginning of the year are:

2. Total assets and total equity at the beginning of the year were $387 500 and $190 500 respectively.
3. Income tax expense for the year was $31 500. Net finance expenses were $3150.
Required
Identify and calculate the ratios that a financial analyst might calculate to give some indication of the following:
a. The entity's earning ability
b. The extent to which internal sources have been used to finance asset acquisitions
c. The rapidity with which accounts receivable are collected
d. The ability of the entity to meet unexpected demands for working capital
e. The ability of the entity's earning to cover its interest commitments
f. The length of time taken by the entity to sell its inventories.

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MNM Ltd Income statement for the year ended 30 June 2013 Sales revenue Cost of sales Gross proft Expenses (including tax and finance) Profit $462 500 307 500 155000 80 000 75000 MNM Ltd Balance sheet as at 30 June 2013 Current assets Cash assets Receivables (all trade) Less Allowance for doubtful debts Inventories Total current assets Non-current assets Land Building Less Accumulated depreciation Store equipment Less Accumulated depreciation Total non-current assets Total assets Current liabilities Payables (all trade) Dividends-preference dividends Payable-ordinary dividends Other Total current liabilities Non-current liabilities 10% mortgage payable Total liabilities S 18900 S149 625 9450 140 175 126 000 285075 31 500 113000 18 900 23625 13625 4 100 10000 135600 420675 135 450 1890 12600 6 300 156240 31 500 187 740 Equity Contributed capital: 6% preference shares Ordinary shares Retained earnings Total equity 25 000 126 000 81935 232 935 $420675 Liabilities and equity Accounts receivable (gross) Allowance for doubtful debts Inventories $157 500 (14 175) 110 250