Question $2$

Below are the financial statements for the year ended $31$

December $2022$ for Zazau Zezz Enterprise

Statement of Profit or Loss and Other

Comprehensive Income for

the year ended $31$st December $2022$

Statement of Financial Position as at $31$st December

Required:

$($a$)$ Calculate the following ratios for both financial

years.

a$.$ Gross profit margin

b$.$ Net profit margin

c$.$ Inventory turnover ratio

d$.$ Current ratio

e$.$ Quick ratio or Acid$-$test ratio

f$.$ Average Collection Period

$($b$)$ Provide comments on the results of the ratios for

both financial years.

Note: Show all relevant workings

Question $5$