Question: REQUIRED Use the information provided in Question 4 to answer the following: Calculate the following ratios (expressed to two decimal places) for 2023 only.

REQUIRED Use the information provided in Question 4 to answer the following: Calculate the following ratios (expressed to two decimal places) for 2023 only. Note: Use the 5.1 formulas provided in the formula sheet only (that appear after QUESTION 5). 5.1.1 Profit margin (2 marks) 5.1.2 Inventory turnover (2 marks) 5.1.3 Debtor collection period (2 marks) 5.1.4 Creditor payment period (2 marks) 5.1.5 Return on assets (2 marks) 5.1.6 Acid-test ratio (2 marks) (2 marks) 5.1.7 Earnings per share 5.2 Comment briefly but meaningfully on the following ratios: 2023 2022 5.2.1 Return on equity 28.21% 32.56% (2 marks) 5.2.2 Current ratio 1.20:1 1.07:1 (2 marks) 5.2.3 Debt to assets 35.27% 32.29% (2 marks)

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