Question 5 (Marks: 30) Consider the information provided below as well as the financial statements and answer the questions that follow. Pearson & Litt is a manufacturing company in the Eastern Cape. Their factory manufactures glass wine bottles for the Blue Valley Beer Co. 2020 2019 R15 R19 R6 R7 R650 000 R 855 500 R3 R4 Sales price per unit Variable cost per unit Fixed cost (FC) per annum Fixed cost per unit Current assets Current liabilities Retained profit Net Sales Cost of sales R450 600 R510 000 R21 809 R2 900 320 R390 000 R560 700 R780 000 R17 600 R3 100 100 R475 000 Q.5.1 a. (10) b. Calculate the break-even point for Pearson & Litt for 2019 and 2020 (7). Compare the results of the 2019 and 2020 break-even points and explain why there might be a difference (3). 7 (7) Q.5.2 a. Calculate the current ratio for Pearson & Litt for 2019 (4). b. Explain the results of the current-test ratio (3). (HINT: Include the minimum ratio recommended for the ratio in your answer.) Q.5.3 a. Calculate the gross profit margin for Pearson & Litt for 2020 (4). (6) (