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3.2 Comment on the following ratios: INFORMATION Extracts of the financial statements of Turbo Limited for 2022 are given below. TURBO LIMITED STATEMENT OF COMPREHENSIVE

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3.2 Comment on the following ratios: INFORMATION Extracts of the financial statements of Turbo Limited for 2022 are given below. TURBO LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 202 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2022 Note: 1. Inventories on 31 December 2022 amounted to R360000. 2. The issued share capital of Turbo Limited consisted of 2000000 ordinary shares. 3. Total dividends for the year ended 31 December 2022 amounted to R225 000 . 4. Credit terms to debtors are 30 days

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