QUESTION $5$

$(20$ Marks$)$

REQUIRED

Use the information provided in Question $4$ to answer the following:

$5\mathrm{.}1$ Calculate the following ratios for $2023$ only. Note: Use the formulas provided in the formula sheet only $($that appear after QUESTION $5).$ The answers to the ratios must be expressed to two decimal places and be fully stated e$.$g$.2\mathrm{.}15$:$1$; $24\mathrm{.}67\%$ etc.

$5\mathrm{.}1\mathrm{.}1$ Gross margin

$5\mathrm{.}1\mathrm{.}2$ Inventory turnover

$5\mathrm{.}1\mathrm{.}3$ Acid test ratio

$5\mathrm{.}1\mathrm{.}4$ Return on assets

$5\mathrm{.}1\mathrm{.}5$ Debt to assets

$5\mathrm{.}1\mathrm{.}6$ Dividend per share

$5\mathrm{.}1\mathrm{.}7$ Debt to equity

$5\mathrm{.}2$ Comment briefly but meaningfully on the following ratios:

$\backslash$table$[[,,2023,2022$QUESTION $4$

$(20$ Marks$)$

REQUIRED

Prepare the Cash Flow Statement of Elsies Limited for the year ended $31$ December $2023.$

INFORMATION

Extracts of the financial statements of Elsies Limited are as follows:

$\backslash$table$[[$Elsies Limited$],[$Statement of Financial Position as at $31$ December:$],[$Assets$,2023($R$),2022($R$)],[$Property$,$ plant and equipment,$3125000,2500000],[$Investments$,175000,200000],[$Inventory$,1075000,1025000],[$Accounts receivable,$950000,875000],[$Cash and cash equivalents,$250000,175000],[,5575000,4775000],[$Equity and liabilities$],[$Ordinary share capital $(155000$ shares$),1550000,1550000],[$Retained earnings,$1500000,1250000],[$Non$-$current liabilities,$1800000,1675000],[$Accounts payable,$600000,135000],[$Dividends payable,$100000,125000],[$Company tax payable,$25000,40000],[,5575000,4775000]]$

$\backslash$table$[[$Statement of Comprehensive Income for the year ended $31$ December $2023],[,R$