Classifying Balance Sheet and Income Statement Accounts and Computing Current Ratio

Shoprite Holdings Ltd is an African food retailer listed on the Johannesburg Stock Exchange. The following accounts are selected from its annual report for the fiscal year ended June $30.$ The amounts below are in millions of South African Rand.

a$.$ Indicate the appropriate classification of each account as appearing in either its balance sheet $($B$)$ or its income statement $($I$).$

$($Rand millions$)$ Amount Classification

Sales of merchandise R $108,870$ Answer $1$

Depreciation and amortisation $2,063$ Answer $2$

Reserves $($Retained earnings$)13,925$ Answer $3$

Property, plant & equipment $13,909$ Answer $4$

Cost of goods and services $93,110$ Answer $5$

Trade and other payables $17,039$ Answer $6$

Total assets $47,199$ Answer $7$

Total equity $17,990$ Answer $8$

Employee benefits expense $8,706$ Answer $9$

Total non$-$current assets $16,437$ Answer $10$

Total non$-$current liabilities $6,238$ Answer $11$

b$.$ Using the data, compute Shoprite's total liabilities at June $30.$

RAnswer $12$

$0$

million

c$.$ Calculate Shoprite's current ratio as of June $30.$

Round to two decimal places.

Answer $13$

$0$

Please answer all parts of the question.