Question $4$

$(20)$ Marks$)$

REQUIRED

$4\mathrm{.}1$

$4\mathrm{.}1.1$

$4\mathrm{.}1\mathrm{.}2$

$4\mathrm{.}1\mathrm{.}3$

$4\mathrm{.}1\mathrm{.}4$

$4\mathrm{.}1\mathrm{.}5$

$4\mathrm{.}1\mathrm{.}6$

$4\mathrm{.}1.7$

$4\mathrm{.}2$

$4\mathrm{.}1$

$4\mathrm{.}2\mathrm{.}2$

$4\mathrm{.}2\mathrm{.}3$

Caloulate the following ratios for $2022($expressed to two docimal places$).$ Note: Use the fomulas provided in the formula sheet only $($that appear after QUESTION $5).$

Gross proft: margin

Net profit margin

Inventory tumover

Currentratio

Acid test ratio

Debtequity rato

Dividend yield

Comment on the following ratios:

$(2$ marks$)$

$(2$ marks$)$

$(2$ marks$)$

$(2$ marks$)$

$(2$ marks$)$

$(2$ marks$)$

$(2$ marks$)$

$(2$ marks$)$

$(2$ marks$)$

$(2$ marks$)$

INFORMATION

Extracts of the financial statements of Spire Limitod for $2022$ are given below.

Additional information

Inventories amountrod to R$301000$ on $31$ December $2021.$

Dhidends paid during $2022$ amounted to Risz sc$0.$

The authorised shave captal consisted of $1000000$ ondinary shaves of which $750000$ were issued.

The market price of the shave was R$3$ on $31$ December $2022.$

Credit terms to debtors are $30$ days.