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 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