1.3. The information below was taken from a financial ratio analysis prepared by Canned Foods Ltd to assess its financial performance for 2019. Sales revenue R50 000 000 Gross profit margin 65% Operating profit margin 40% Net profit margin 6% Return on total assets 16% Return on ordinary shareholders' equity 18% Total asset turnover 4% Average collection period 58 days Number of days in a year 365 Page 2 of Assignment TUTORIAL LETTER 1 (ASSIGNMENT 1) - 2020 SECOND SEMESTER FMA 101 FINANCIAL MANAGEMENT Required: Use the ratios and other information provided to calculate the rand value for the following accounts: 1.3.1. Gross profit 1.3.2. Cost of goods sold 1.3.3. Operating profit 1.3.4. Operating expenses 1.3.5. Profit available to ordinary shareholders 1.3.6. Total assets 1.3.7. Total shareholders' equity Show all calculations. (7)