please answer question2

Test Total marks 50 Question 1. CR Manufacturers 2021 Income Statement Sales -Cost of sales O/stock + Purchases +Rail age -C/stock Gross profit + Other income Rent Commissions Received Gross Income -Expenses Net Profit for the year Balance Sheet Assets Non Current Vehicles Land & Build Equipment Current assets Debtors Cash-Bank Fixed Deposit Other Assets (35marks) TOTAL ASSETS Cost 0 466 800 4200 0 7800 20 000 Accum Dep Book Value 345000 800000 290062 1435 062 258750 232178 124800 615 728 0 767 000 471 000 296 000 27 800 323 800 (244 780) 79 020 Equity Capital Add: Retained Income Beg Add: Net Profit year Liabilities Non Currentliab. Bond Current Liab Creditors TOTAL EQUITY & 2050 790 LIABILITIES 1014940 0 79 020 1093 960 956 830 739 000 217 830 2050 790 Page 2 of 3 Question 2 (15 marks) With reference to question 1 Comment on each ratio below a) Current Ratio b) Debtors Collection Period c) Creditors Period d) Debt Ratio e) Profitability of Enterprise Return on Assets f) Gross Profit Margin g) Nett Income Margin (15)