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 lormulas provided in the formula shoel only $($that appear after QUESTION $5).$ The answers to the ratos must be expressed to fwo decimal places and be fully stated eg $2\mathrm{.}15\mathrm{.}1,24\mathrm{.}67\%$etc.

$5\mathrm{.}1\mathrm{.}1$ Gross margin

$(2$ marks$)$

$5\mathrm{.}12$ Inventory turnover

$(2$ marka$)$

$5\mathrm{.}1\mathrm{.}3$ Acid test ratio

$(2$ marks$)$

$5\mathrm{.}1\mathrm{.}4$ Return on assets

$(2$ marks$)$

$5\mathrm{.}1\mathrm{.}5$ Debt to assets

$(2$ manks$)$

$5\mathrm{.}1\mathrm{.}6$ Dividend per share

$(2$ marks$)$

$5\mathrm{.}1\mathrm{.}7$ Debt to equity

$(2$ marks$)$

$52$ Comment briefly but meaningfully on the following rabios

$2$ marks$)$

$(2)$ inats;

$(2)$ miaks$)$

$\backslash$table$[[$Gross profit,$x,100],[$Sales$,,1]]$

$\backslash$table$[[$Profit after tax,$x,100],[$Sales$,,1]]$

$\backslash$table$[[$Operating profit,X$,100],[$Total assets,,$1]]$

$\backslash$table$[[$Profit after tax,$x,100],[$Equity$,,1]]$

$\backslash$table$[[$Current assets$],[$Current liabilities$]]$

$\backslash$table$[[$Current assets $-$ Inventory$],[$Current liabilities$]]$

$\backslash$table$[[$Cost of sales$],[$Average inventory$]]$

$\backslash$table$[[$Accounts recelvable,$x,385],[$Credit sales,,$1]]$

$\backslash$table$[[$hocounts payciber,X$,5],[$Gredifpurchases$,,1]]$

$\backslash$table$[[$Total debt,$x,100],[$Total assets,,$1]]$

$\backslash$table$[[$Non$-$current debt,$x,100],[$Equity$,,1]]$

$\backslash$table$[[$Operating profit$],[$Interest expense$]]$

$\backslash$table$[[$Profit after tax,$x,100],[$No$.$ of ordinary shares issued,,$1]]$

$\backslash$table$[[$Dividends for the year,$x,100],[$No$.$ of ordinary shares issued,,$1]]$

$\backslash$table$[[$Market price per share$],[$Eamings per share$]]$

$\backslash$table$[[$Earnings per share,$x,100],[$Market proce per share,,$1]]$

$\backslash$table$[[$Dividenap pers simes,$],[$Markel prepe per stace,$]]$

INFORMATION

Extracts of the financial statements of Elsies Lirnited are as follows

$\backslash$table$[[$Elsies Limited$],[$Statement of Financial Position as at $31$ December;$],[$Assets$,,],[,2022($R$)],[$Property$,$ plant and equipment,$3125000,2500000],[$Investments$,175000,200000],[$Invertiory$,1075000,1025000],[$Accounts recevable,$950000,875000],[$Cash and cash equivalents,$250000,175000],[5575000,4775000],[$Equity and fiabilities$],[$Ordinary share capital $(155000$ shares$),1550000,1550000],[$Retained earrings,$1500000,1250000],[$Non$-$current labilites,$1800000,1675000],[$Accounts payable,$600000,135000],[$Dividends payable,$100000,125000],[$Company lax payable.,$25000,40000],[,5575000,4775000]]$

$\backslash$table$[[$Stalentent of Compreliensive income for the year ended $34$ necember $2023],[,$R$],[$Siave$,5500000],[$Coatco $,325000],[$Deprescition$,310000],[$Operatiog proail,$825000],[$Inserest eqpenje,$226000],[$Company taik,$200000]]$