2.1 2.2 2.3 2.4 A firm has sales of R1,200, net profits after tax of R200, Total liabilities R500, current asset of R200 and equity of R300. The firm has R100 in inventory. What is the common-size statement (2) value of inventory? (2) A firm has a debt-equity ratio of 0,60. What is the total debt ratio? Resources paid R250 in interest and R130 in dividends last year. The times interest earned ratio is (3) 3,8 and the depreciation expense is R60. What is the value of the cash coverage ratio? Patti's has a net profit after tax of R1 800, a price-earnings ratio of 12, and earnings per share of (2) R1,20. How many shares are outstanding? (9 marks)