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

image text in transcribed 32 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 2022 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2022 Note: 1. Inventories on 31 December 2022 amounted to R360 000 . 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 ferms to debtors are 30 days

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