(20) QUESTION INFORMATION Excerpts of the financial statements of Infosys Limited for 2019 are as follows: Statement of Comprehensive Income for the year ended 31 December 2015 R Sales / credit) 9 240 000 Cost of sales 7 800 000 Gross profit 1440 000 Operating expenses 1 000 000 Operating pront 360 000 Interest expense 140 000 Profit before tox 220 000 Tex 61 600 Profit after tax 138 400 Statement of changes in equity for the year ended 31 December 2019 R 62.000 Dividends for the year Statement of financial position as at 31 December 2019 R Assets Non-current assets Inventories Accounts receivable Cash 1 220 000 1430 000 770 000 225 000 3 665 000 Equity and liabilities Ordinary share capital Red Retined earnings Long term loan/12 1 000 000 960 000 520 000 Accounts Payable 460 000 Other current abilities 723 000 3 665 000 REQUIRED 3.1 Use the information provided above to calculate the following ratios for into sys Limited for 2019. Where applicable, round oft answers to two decimal places. 3.1. Gross margin 3.1.2 Debtors collection period 12) 3.13 Return on assets 3.1.4 Return on equity 3.1.3 Earnings retention ratio 3.1.6 Acid test ratio