Use the data provided to answer the questions that follow relating to Naboomspruit Ltd for 2017: Abbreviated Statement of Financial Position: Abbreviated Statement of Financial Position: Assets 2017 Non Current Fixed 4 200 000 Inventory 400 000 Receivables 1 550 000 Cash 600.000 6 750 000 6 Equity and Liabilities Share Capital (R2 shares) 4 200 000 Retained Income 600 000 Long term Debt 250 000 Payables 1 700 000 6 750 000 2016 3 000 000 600 000 1 200 000 300.000 5 100 000 4 000 000 4 300 000 200 000 600 000 5 100.000 The abbreviated Statement of Comprehensive for the year ended 2017: Sales (10% on credit) 10 200 000 Cost of sales (80% on credit) 4 080 000 Expenses 3 200 000 Net Income after Tax 2 000 000 Dividends 1 700 000 Retained Income 3 000 000 NB: Shares are currently trading at R2, 80 per share. Required 5.1 Calculate the net profit on tumover for 2017, (2) 5.2 Calculate the earnings yield and dividend yield for 2017 and explain their significance to (prospective) shareholders. (8) 5.3 Accounts Payable Turnover 5.3.1 Calculate the accounts payable period (in days), noting that Naboomspruit Ltd has, after tough negotiations secured a 90 day account with all its creditors. Note: Use average accounts payable for this calculation. 5.3.2 Is this an ideal situation? Offer constructive advice to Naboomspruit Traders. (3) 5.4 Calculate the return on equity. Would shareholders be happy with the current return? Why/why not? 4) 5.5 Calculate the inventory turnover ratio (use average inventory) and explain the significance of this ratio. (4)