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Required:(a) Calculate (to 2 decimal places) the following ratios for both years of Loki Industrial...

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Accounting

Required:(a) Calculate (to 2 decimal places) the following ratios for both years of Loki Industrial Limited:i111)iv(V)(vi)(vii)gross profit margin; net profit margin; current ratio;quick ratio;inventory turnover (in days)(based on average inventory); trade payables payment period (in days); and trade receivables collection period (in days).Note: Show the Formula in the calculation.(28 marks)bBased on the ratios calculated in part (a), comment on the relative performance of Loki Industrial Limited for 2023 in the following areas:(iii)profitability; liquidity; andoperational efficiency of inventory turnover.(16 marks)(c) Investors and lenders are users of the accounting information of Loki Industrial Limited.Briefly explain why both the mentioned parties need the accounting information of the company.(6 marks)
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