Question: QUESTION 2 ( 2 5 Marks ) Refer to the statement of comprehensive income for the year ended 3 1 December 2 0 2 4

QUESTION 2(25 Marks) 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)

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