3.2 Calculate the following ratios for 2021. Express the answers to two decimal places. 3.2.1 Debtor collection period 3.2.2 Current ratio 3.2.3 Acid test ratio 3.2.4 Bad debt ratio INFORMATION The following information was provided by Riva Limited at the end of the financial year, 31 December 2021: Sales (60% on credit) Cost of sales Bad debts Inventories Accounts receivable Cash and cash equivalents Current liabilities (3 marks) (3 marks) (3 marks) (3 marks) Bank overdraft R 2 000 000 1 200 000 36 000 500 000 200 000 2 000 300 000 20 000