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2.2 In 2022. Mamma Wholesalers had R2 000 000 of assets. R200 000 of current liabilities and R500 000 non-current liabilities. Operating profit was R500

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2.2 In 2022. Mamma Wholesalers had R2 000 000 of assets. R200 000 of current liabilities and R500 000 non-current liabilities. Operating profit was R500 000. interest expense was R120 000 and the tax rate was 40%. Required Calculate and comment on the following ratios: 2.2.1 Debt to assets (4 marks] 2.2.2 Debt to equity [4 marks) 2.2.3 Interest coverage [4 marks}

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