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QUESTION 4 (15 marks) As newly appointed management accountant at Mamone Enterprises (Pty) Lid, you have been provided with the following: Extract from statement of comprehensive income for the year ended 30 April 2021: R Revenue 1 000 000 Gross profit Other income 50 000 Other expenses 435 000 Net profit Extract from statement of financial position for the year ended 30 April 2021; R ASSETS 200 000 Non-current assets 120 000 Current assets 80 000 EQUITY AND LIABILITIES 200 000 Capital and reserves 100 000 Non-current liabilities ? Current liabilities 50 000 Calculated financial ratios for the year ended 30 April 2021: Quick ratio Gross profit margin 40% Return on equity (ROE) 15% Creditors payment period 33,33 days Debt-equity ratio Purchases for the year amounted to R547 500 [TURN OVER] 7 REQUIRED: Use the information provided above to calculate the value of the following: 4.1 Inventories (3) 4.2 Gross profit (3) 4.3 Net profit (3 ) 4.4 Account payable 4.5 Total liabilities (3) (15]