Question: During 2 0 2 4 the purchasing manager was able to negotiate for all the inventories to be purchased on credit from its suppliers subject

During 2024 the purchasing manager was able to negotiate for all the inventories to be purchased on credit from its suppliers subject to credit terms of 60 days. The inventory balance increased from R5500000 at the end of 2023 to R6500000 at the end of 2024. Cosmed Limited was able to pay out an interim dividend of R1850000 during 2024. The profitability and financial position for 2024 are evident in the following excerpts of the financial statements: Refer to the statement of comprehensive income for the year ended 31 December 2024, statement of financial position as at 31 December 2024 and additional information related to the 2024 financial year. REQUIRED Calculate the ratios for 2024(fully stated to two decimal places e.g.2.14:1; 23.67%) that would reflect each of the following and comment on your answers. Use only the formulas provided in the formula sheet that appear after Question 4 or in the module guide. 2.1 An indication of the profitability of the company after the cost of goods sold have been deducted. (Note: A ratio of 30% was achieved in 2023.)(4 marks)2.2 The amount of time the company takes to pay its suppliers after purchasing goods and services on credit. (4 marks)2.3 A measure of the profitability of the companys own and borrowed capital investment. (4 marks)2.4 The ability of the company to pay its short-term obligations using only its most liquid assets. (4 marks)2.5 An indication of the companys profitability per share. (Note: A ratio of 98.56 cents per share was achieved in 2023.)(4 marks)2.6 The percentage of the profit that has been put back into the company. (5 marks)
During 2 0 2 4 the purchasing manager was able to

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