Use the information provided in QUESTION $4$ to answer the following questions:

$5\mathrm{.}1$ Calculate the following ratios $($expressed to two decimal places$)$ for the financial year ended $31$

December $2023.$ Note: Use formulas provided in the formula sheet only $($that appear after QUESTION

$5).$

$5\mathrm{.}1\mathrm{.}1$ Profit margin $($Net profit margin$)(2$ marks$)$

$5\mathrm{.}1\mathrm{.}2$ Acid test ratio $(2$ marks$)$

$5\mathrm{.}1\mathrm{.}3$ Return on equity $(2$ marks$)$

$5\mathrm{.}1\mathrm{.}4$ Inventory turnover $(2$ marks$)$

$5\mathrm{.}1\mathrm{.}5$ Debt to assets $(2$ marks$)$

$5\mathrm{.}1\mathrm{.}6$ Dividend per share $(2$ marks$)$

$5\mathrm{.}1\mathrm{.}7$ Creditor payment period $(2$ marks$)$

$5\mathrm{.}2$ Comment on the following ratios that have been calculated for Starlite Limited. Provide two significant

comments for each ratio.

$20232022$

$5\mathrm{.}2\mathrm{.}1$ Return on assets $13\mathrm{.}44\%10\mathrm{.}42\%(2$ marks$)$

$5\mathrm{.}2\mathrm{.}2$ Earnings per share $114$ cents $101$ cents $(2$ marks$)$

$5\mathrm{.}2\mathrm{.}3$ Current ratio $6\mathrm{.}38$:$110\mathrm{.}11$:$1($