SECTION A [100 MARKS] Answer ALL the questlons In thls section. Study the Statement of Financial Position as at 31 December 2021 and 2020 before answering the following questlons: 1.1 Calculate the amount that would be reflected as working capital changes" in the (4 mark:8) 1.2Did the company expand lts operations during 2021 ? Motwate your answer. 1.31s the long-term loan correctly disclosed in the Statement of Financlal Position? Explain. 1.4 Is the company in good fnancial health? Motivate your answer by refering to at least SIX (6) items on the statement. Ratios are not required. 1.5Calculate the ratios (expressed to two decimal places) that would renect the following: 1.5.1A measure of the company's ablity to sette its shor-term oblgations within twelve (2 marks) months. 1.5.2A measure of the amount of total assets that are financed by creditors instead of Investors. (2 marks) INFORMATION Lomax Lid commenced operations at the start of 2020 manufacturing only standard-slzed bricks for the bullding industry. Its fllanclal position at the end of 2020 and 2021 is evident in the statements mrmident halrver 1. There was no slgnificant change in the sales figures over the two year period. 2. R240 000 of the long-term loan is expected to be repald during 2022