QUESTION $2$

$(20$ Marks$)$

REQUIRED

Use the information provided in Question $1$ to answer the following questions.

$2\mathrm{.}1$ Calculate the following ratios for $2023$ only. Note: Use the formulas provided in the formula sheet only $($that appear after QUESTION $5).$ Answers to the ratios must be expressed to two decimal places and be fully stated e$.$g$.\backslash (23\mathrm{.}45\backslash \%\backslash )$; $1\mathrm{.}34$:$1$ etc.

$2\mathrm{.}1\mathrm{.}1$ Net profit margin

$(2$ Marks$)$

$2\mathrm{.}1\mathrm{.}2$ Inventory turnover

$(2$ Marks$)$

$2\mathrm{.}1\mathrm{.}3$ Current ratio

$2\mathrm{.}1\mathrm{.}4$ Debt to assets

$(2$ Marks$)$

$2\mathrm{.}1\mathrm{.}5$ Average collection period

$(2$ Marks$)$

$2\mathrm{.}1\mathrm{.}6$ Earnings per share

$(2$ Marks$)$

$2\mathrm{.}1\mathrm{.}7$ Dividend yield

$(2$ Marks$)$

$2\mathrm{.}2$ Comment on the acid$-$test ratio, gross margin ratio and average payment period ratio

that were calculated for $2023$ and $2022.$