REQUIRED Use the information provided in QUESTION 4 to answer the following questions: 5.1 Calculate the following ratios (expressed to two decimal places) for 2022 only. Note: Use formulas provided in the formula sheet only (that appear after QUESTION 5). 5.1.1 Gross margin 5.1.2 Dividend per share 5.1.3 Return on assets 5.1.4 Current ratio 5.1.5 Acid test ratio 5.1.6 Debt to equity 5.1.7 Creditor payment period (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) 5.2 Comment on the following ratios: FORMULA SHEET \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Gross profit & X & 100 & Total debt & X & 100 & & \\ \hline Sales & & 1 & Total assets & & 1 & & \\ \hline Profit after tax & X & 100 & Non-current debt & X & 100 & & \\ \hline Sales & & 1 & Equity & & 1 & & \\ \hline Operating profit & X & 100 & Operatin & profit & & & \\ \hline Total assets & & 1 & Interest e & pense & & & \\ \hline Profit after tax & X & 100 & Profit after t & & X & 100 & \\ \hline Equity & & 1 & No. of ordinary shar & issu & & 1 & \\ \hline \multicolumn{3}{|c|}{ Current assets } & \multicolumn{2}{|c|}{ Dividends for the year } & X & 100 & \\ \hline \multicolumn{3}{|c|}{ Current liabilities } & \multicolumn{3}{|c|}{ No. of ordinary shares issued } & 1 & \\ \hline \multicolumn{3}{|c|}{ Current assets - Inventory } & \multicolumn{3}{|c|}{ Market price per share } & & \\ \hline \multicolumn{3}{|c|}{ Current liabilities } & \multicolumn{3}{|c|}{ Earnings per share } & & \\ \hline \multicolumn{3}{|c|}{ Cost of sales } & \multicolumn{3}{|c|}{ Earnings per share } & X & 100 \\ \hline \multicolumn{3}{|c|}{ Average inventory } & \multicolumn{3}{|c|}{ Market price per share } & & 1 \\ \hline Accounts receivable & x & 365 & Dividend & ersh & & X & 100 \\ \hline Credit sales & & 1 & Market pri & per & & & 1 \\ \hline Accounts payable & x & 365 & & & & & \\ \hline Credit purchases & & 1 & & & & & \\ \hline \end{tabular} REQUIRED Use the information provided in QUESTION 4 to answer the following questions: 5.1 Calculate the following ratios (expressed to two decimal places) for 2022 only. Note: Use formulas provided in the formula sheet only (that appear after QUESTION 5). 5.1.1 Gross margin 5.1.2 Dividend per share 5.1.3 Return on assets 5.1.4 Current ratio 5.1.5 Acid test ratio 5.1.6 Debt to equity 5.1.7 Creditor payment period (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) 5.2 Comment on the following ratios: FORMULA SHEET \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Gross profit & X & 100 & Total debt & X & 100 & & \\ \hline Sales & & 1 & Total assets & & 1 & & \\ \hline Profit after tax & X & 100 & Non-current debt & X & 100 & & \\ \hline Sales & & 1 & Equity & & 1 & & \\ \hline Operating profit & X & 100 & Operatin & profit & & & \\ \hline Total assets & & 1 & Interest e & pense & & & \\ \hline Profit after tax & X & 100 & Profit after t & & X & 100 & \\ \hline Equity & & 1 & No. of ordinary shar & issu & & 1 & \\ \hline \multicolumn{3}{|c|}{ Current assets } & \multicolumn{2}{|c|}{ Dividends for the year } & X & 100 & \\ \hline \multicolumn{3}{|c|}{ Current liabilities } & \multicolumn{3}{|c|}{ No. of ordinary shares issued } & 1 & \\ \hline \multicolumn{3}{|c|}{ Current assets - Inventory } & \multicolumn{3}{|c|}{ Market price per share } & & \\ \hline \multicolumn{3}{|c|}{ Current liabilities } & \multicolumn{3}{|c|}{ Earnings per share } & & \\ \hline \multicolumn{3}{|c|}{ Cost of sales } & \multicolumn{3}{|c|}{ Earnings per share } & X & 100 \\ \hline \multicolumn{3}{|c|}{ Average inventory } & \multicolumn{3}{|c|}{ Market price per share } & & 1 \\ \hline Accounts receivable & x & 365 & Dividend & ersh & & X & 100 \\ \hline Credit sales & & 1 & Market pri & per & & & 1 \\ \hline Accounts payable & x & 365 & & & & & \\ \hline Credit purchases & & 1 & & & & & \\ \hline \end{tabular}