$2\mathrm{.}1$ Calculate the percentage profit on sales after the cost of sales only have been accounted for. $(2$ marks$)$

$2\mathrm{.}2$ Has the liquidity of the company improved? Use two relevant ratios to motivate your answer. $(6$ marks$)$

$2\mathrm{.}3$ Use the relevant ratios to comment on the effectiveness with which the company has employed the inventory and debtors during $2022.(6$ marks$)$

$2\mathrm{.}4$ Use TWO $(2)$ appropriate ratios that shareholders would use to assess the profitability of the company for $2022$ by examining the after$-$tax returns earned. Comment on your calculations. $(6$ marks$)$

INFORMATION

Extracts of the financial statements of Ultra Limited are presented below:

$\backslash$table$[[$ULTRA LIMITED,$],[$STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED $31$ DECEMBER $2022],[,R$