Please, help me only with question b) Ratio calculations are: Net profit Margin = net profit/sales = (210)/5600 = - 3.75% Gross profit margin = gross profit/sales = 770/5600 = 13.75% Current ratio=...

Please, help me only with question b)

Ratio calculations are:

1. Net profit Margin = net profit/sales = (210)/5600 =
   - 3.75%
   


2. Gross profit margin = gross profit/sales = 770/5600 =
   13.75%
   


3. Current ratio= current assets/current liability= 15,840/5,150=
   3.08
   


4. Acid test ratio = (cash+ accounts receivable) / current liability = (7,340+8030+150)/5,150 =
   3.02
   


5. Accounts receivable collection period = Receivables / Average daily credit sales = 150/ (5600/360 days) =
   9.64 days or 10 days
   


6. Accounts payable payment period = Accounts Payable / Average daily purchases = (5,150/ (5,150/360 days) =
   360 days
   

Financial statements from part A are:

Extracted text: PART B a) According to the information available in Income and Financial position statements in Part A, calculate the following ratios for Anne's business for October 2021 Competitors Average Current Acid test Net profit margin Accounts receivable Accounts collection period Gross profit margin ratio ratio payable 16 Days 28 Days рayment period 27 Days 12Days Year 2019 0.32 0.55 2.7 1.34 Year 2020 0.28 0.56 2.6 1.32 Year 2021 0.02 0.08 2.8 1.38 26 Days 17 Days b. Assuming Anne's competitor's ratio averages are as stated above for month October of years 2019, 2020 and 2021: Analyse her performance with reference to the ratios of October 2021 calculated in comparison to those of her competitor. Also, briefly explain the impact of Covid -19 outbreak on the average ratios (Maximum of 500 words).