Help me with Accounting Task

I have to complete an accounting task. Please help me complete it. Here is the first question. There are 3 questions of similar difficulty. Many thanks QUESTION 1 (10 Marks) The following financial statements were prepared for the management of Morgan Ltd. The statements contain some information that will be disclosed in note form in the general purpose external financial statements to be issued to the investors. Morgan Ltd Income Statement For the year ended 30 June 2018 Revenues (Note 2) $850,500 Expenses, excluding finance costs (Note 4) 686,700 Finance costs 6,300 ------------- Profit before income tax 157,500 Income tax expense 63,000 ------------- Profit $ 94,500 ======== Morgan Ltd Statement of Financial Position As at 30 June 2018 Current assets Cash and cash equivalents $ 37,800 Accounts receivables $299,250 Less: Allowance for doubtful debts 18,900 -------------- 280,350 Inventories 252,000 _______ Total current assets 570,150 _______ Non-current assets Land 63,000 Building $189,000 Less: Accumulated Depreciation 37,800 _________ 151,200 Store equipment 47,250 Less: Accumulated Depreciation 22,050 _________ 25,200 _______ Total Non-current assets 239,400 _______ Total assets 809,550 ======= Current liabilities Accounts payables 270,900 Preference dividends payable 3,780 Ordinary dividends payable 25,200 Other current liabilities 12,600 _______ Total current liabilities 312,480 _______ Non-current liabilities Long-term borrowings (Note 5) 63,000 _______ Total Non-current liabilities 63,000 _______ Total liabilities 375,480 _______ Net assets 434,070 ======= Equity Share capital $315,000 Retained earnings 119,070 _______ Total equity 434,070 ======= Morgan Ltd Statement of Changes in Equity For the year ended 30 June 2018 Share capital Ordinary: Balance at start of period $252,000 ________ Balance at end of period 252,000 ________ Preference (Note 6): Balance at start of period 63,000 _______ Balance at end of period 63,000 ________ Total share capital $315,000 ======== Retained earnings Balance at start of period $53,550 Total profit for the period 94,500 Dividends – preferences (3,780) Dividends – ordinary (25,200) ________ Balance at end of period $119,070 ======== Notes to the financial statements Note 2: Revenue Sales $850,500 Note 4: Expenses Cost of sales 567,000 Selling and distribution expenses 89,000 Administration expenses 30,700 Note 5: Long-term borrowings 10% mortgage payable 63,000 Note 6: Preference shares 6% preference shares 63,000 Additional information: 1. The balance of certain accounts at the beginning of the year are: Accounts receivables $315,000 Allowance for doubtful debts (26,350) Inventories 220,500 2. Total assets and total equity at the beginning of the year were $756,000 and $368,550 respectfully. REQUIRED: A. Name the ratios that a financial analyst might calculate to give some indication of the following cases: (2 Marks) 1. A company’s earning power 2. The extent to which internal resources have been used to finance acquisition of assets 3. Rapidity with which accounts receivables are collected 4. The ability of the entity’s earnings to cover its interest commitments 5. The length of time taken by the business to sell its inventories B. Calculate and briefly discuss the suitability of the ratios mentioned for each of the above cases. (6 Marks) C. Given the above financial statements, comment on the company’s profitability and liquidity. (2 Marks)