REQUIRED

Use the information provided in Question $4$ to answer the following:

$5\mathrm{.}1$ Calculate the following ratios for $2023$ only. Note: Use the formulas provided in the formula sheet

only $($that appear after QUESTION $5).$ The answers to the ratios must be expressed to two decimal

places and be fully stated e$.$g$.2\mathrm{.}15$:$1$; $24\mathrm{.}67\%$ etc.

$5\mathrm{.}1\mathrm{.}1$ Gross margin $(2$ marks$)$

$5\mathrm{.}1\mathrm{.}2$ Inventory turnover $(2$ marks$)$

$5\mathrm{.}1\mathrm{.}3$ Acid test ratio $(2$ marks$)$

$5\mathrm{.}1\mathrm{.}4$ Return on assets $(2$ marks$)$

$5\mathrm{.}1\mathrm{.}5$ Debt to assets $(2$ marks$)$

$5\mathrm{.}1\mathrm{.}6$ Dividend per share $(2$ marks$)$

$5\mathrm{.}1\mathrm{.}7$ Debt to equity $(2$ marks$)$

$5\mathrm{.}2$ Comment briefly but meaningfully on the following ratios:

$20232022$

$5\mathrm{.}2\mathrm{.}1$ Debtor collection period $63$ days $44$ days $(2$ marks$)$

$5\mathrm{.}2\mathrm{.}2$ Current ratio $3\mathrm{.}14$:$16\mathrm{.}92$:$1(2$ marks$)$

$5\mathrm{.}2\mathrm{.}3$ Return on equity $13\mathrm{.}11\%19\mathrm{.}25\%(2$ marks$)$