QUESTION FOUR (20 MARKS) REQUIRED Use the information provided below to answer the following questions. Note: Use the fomulas provided in the formula sheet only (that appear after QUESTION 5). Answers to the ratios must be expressed to to decimal places 4.1 W hat percentage of the sales is made up of net income? (2 marks 4.2 Calculate TWO (2) appropriate iquidity ratios and comment on the liquidity of the (6 marks) company. 4.3 Calculate the relevant ratios and comment on the effectiveness with which the company (6marks) has employed the debtors and creditors . 44 C alculate TWO (2) appropriate ratios that would be used to assess the profitabilitly of the company by examining the income from operations and the after-tax returns earned. (6marks) Comment on your calculations . INFORMATION Excerpts of financial data of Markram Limited for 2022 are as follows: Statement of Comprehensive Income for the year ended 31 December 2022 R 6 000 000 4 000 000 2000 000 Sales Cost of sales Opening inventory Purchases Closing inventory 500 000 Operating proft Interest expense Profit before tax Company tax 1200000 2000 0 1000 000 270 000 Statement of Financial Position as at 31 December 2022 3 500 000 500 000 1400000 2000 300 000 940 000 132 000 3 600 000 700 000 Non-current assets Inventories Accounts receivable Cash Bank overdraft Ordinary share capital Retained eamings Long-term loan Accounts payable Additional information Ninety percent (90"%) of the sales is on credit All purchases are on credit. Crediterms to debtors are 60 days and credit terms trom suppliers are 90 days.