?QUESTION ONE $[25]$

Nilma Limited presented the following annual financial statements for $2023$:

Statement of comprehensive income for the year ended $31$ ?December $2023$

?R

Sales $($all credit$)7700000$

Cost of sales $6500000$

Gross profit $1200000$

Operating expenses $900000$

Operating profit $300000$

Interest expense $152000$

Profit before tax $148000$

Tax $60000$

Profit after tax $88000$

Statement of changes in equity for the year ended $31$ ?December $2023$

?R

Dividends for the year $44000$

Statement of financial position for as at $31$ ?December $2023$ ?R

Assets

Non$-$current assets $722000$

Inventories $1672000$

Accounts receivable $804000$

Cash $104000$

$3302000$

Equity and liabilities

Ordinary share capital $920000$

Retained earnings $452000$

Long$-$term loan $(18\%)850000$

Accounts payable $350000$

Other current liabilities $730000$

$3302000$

$1$

Required:

$1\mathrm{.}1$ ?Use the information provided to calculate the following ratios for $2023($Where

applicable, round off answers to two decimal places$)$:

$1\mathrm{.}1\mathrm{.}1$ ?Operating margin $(3)$

$1\mathrm{.}1\mathrm{.}2$ ?Debtor collection period $(3)$

$1\mathrm{.}1\mathrm{.}3$ ?Return on assets $(3)$

$1\mathrm{.}1\mathrm{.}4$ ?Return on equity $(3)$

$1\mathrm{.}1\mathrm{.}5$ ?Earnings retention ratio $(3)$

$1\mathrm{.}1\mathrm{.}6$ ?Acid test ratio $(2)$