4.1 Bomvu Ltd presents you with the following extract from their books for the year ended 30 June 2022 Statement of financial performance for the year ended 30 June 2022 Sales Less cost of sales Opening inventory Purchases 75 105 000 28 142 040 1 571 000 28 158 154 Closing inventory Gross profit Less operating expenses Earnings before interest and taxes Less interest expense Earnings before tax Less tax (28%) Earnings after tax Net profit distributed as follows: Dividends to ordinary shareholders Retained earnings (1 587 114) Statement of financial position as at 30 June 2022 46 962 960 (14 210 510) 32 752 450 (140 000) 32 612 450 (9 131 486) 23 480 964 5 406 005 18 074 959 23 480 964 Non-current assets 90 158 111 Shareholder's interest Ordinary shares 82 494 804 Current assets Cash Account receivable 450 000 1 590 000 Inventory 1 114 930 Total assets 93 313 041 Retained earnings Long-term debt Current liabilities Accounts payable Equity and liabilities 8 690 543 1 236 694 891 000 93 313 041 62 HFMN330-1-JUL-DEC2022-FA1-GT-V3-13072022 ANNEXTURE F- FORMATIVE ASSESSMENT 1 Additional information Number of ordinary shares issued Current market price per share Industrial averages Ratio EPS DPS P/E 82 494 804 @ 1 000cents each 4 550 cents Industrial average 192 cents. 86 cents 13 Debt ratio Debt-equity ratio 13% 26% 7/7 Times interest ratio 29 Required: Calculate the basic debt and securities market ratios of a firm based on the above. financial statements. Clearly show the formula you used as well as your calculations. (24 Marks) :::