a). Required: Give the formula for each of the following ratios, then calculate each ratio for both years using supplied end of year figures:
i. Current ratio
ii. Acid test ratio
iii. Days inventory
iv. Days debtors
v. Debt to equity
vi. Net profit margin (EBIT)
vii. Return on assets
viii. Return on equity
b). Required: Based on your analysis, write a short (approximately 400 words) report on the financial performance and position of Reliable Engineering Pty Ltd.
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