REQUIRED Use the information provided below to answer the following questions. Note: Use the formulas provided in the formula sheet only (that appear after QUESTION 5). Answers to the ratios must be expressed to two decimal places. 4.1 What percentage of the sales is made up of net income? (2 marks) 4.2 Calculate TWO (2) appropriate liquidity ratios and comment on the liquidity of the company. (6 marks) 4.3 Calculate the relevant ratios and comment on the effectiveness with which the company has employed the debtors and creditors. (6 marks) 4.4 Calculate TWO (2) appropriate ratios that would be used to assess the profitability of the company by examining the income from operations and the after-tax returns earned. Comment on your calculations. (6 marks) INFORMATION Excerpts of financial data of Markram Limited for 2022 are as follows: Statement of Comprehensive Income for the year ended 31 December 2022 Sales Cost of sales Opening inventory Purchases Closing inventory R 6 000 000 4 000 000 200 000 ? 500 000 Operating profit Interest expense Profit before tax Company tax 1 200 000 200 000 1 000 000 270 000