Question: please answer question 2 fully The condense Statement of Comprehensive income, Statement of Financial Position and other financial information for Cappy Stores appear below. REQUIRED
please answer question 2 fully
The condense Statement of Comprehensive income, Statement of Financial Position and other financial information for Cappy Stores appear below. REQUIRED Calculate the following ratios. Where applicable, round off answers to two decimal places. 2.1.1 Profit margin 2.1.2 Debtor collection period 2.1.3 Creditor payment period 2.1.4 Inventory turnover 2.1.5 Return on own capital 2.1.6 Acid test ratio INFORMATION Cappy Stores Statement of comprehensive income for the year ended 31 December 2023 Note Current assets (R386 000) include accounts receivable of R160 000, inventories of R80 000 and cash of R146 000. - Inventories as at 31 December 2022 amounted to R130 000. Current liabilities comprise accounts payable only
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