$\backslash$table$[[$STATEMENT OF FINANCIAL POSITION AS AT $31$ DECEMBER:$],[,2023($R$),2,2022($R$),],[$Non$-$current assets,$1368000,1140000],[$Inventories$,360000,,220000],[$Accounts receivable,$180000,,250000],[$Cash and cash equivalents,$12000,10000],[$Bank overdraft,$50000,40000],[$Ordinary share capital,$1000000,800000],[$Retained eamings,$430000,220000],[$Non$-$current liabilities,$240000,,410000],[$Accounts payable,$200000,150000]]$

Additional information

All purchases and sales of inventories are on credit.

The number of ordinary shares in issue during $2023$ was $500000.$

Shareholders earned a return of $9\mathrm{.}71\%$ on their investments during $2022.$QUESTION $4$

REQUIRED

Use the information provided below to answer the following questions.

$4\mathrm{.}1$ Calculate the following ratios for $2023$ only. Note: Use the formulas provided in the formula sheet

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

places.

$4\mathrm{.}1\mathrm{.}1$ Inventory turnover

$(2$ marks$)$

$4\mathrm{.}1\mathrm{.}2$ Net profit margin

$4\mathrm{.}1\mathrm{.}3$ Debt$-$equity

$4\mathrm{.}1\mathrm{.}4$ Earnings per share

$4\mathrm{.}1\mathrm{.}5$ Finance cost coverage

$4\mathrm{.}1\mathrm{.}6$ Average collection period

$4\mathrm{.}2$ Will the company be able to pay its short$-$term debts if business conditions are

unfavourable? Motivate your answer by using an appropriate ratio.

$4\mathrm{.}3$ Will the shareholders of the company be satisfied with the return on their investments?

Support your answer with the use of an appropriate ratio.

INFORMATION

The extracts of the financial statements of Fabrice Limited for $2022$ and $2023$ are provided below.