4.1 Calculate the following ratios for 2021. Express answers to two decimal places.

4.1.1 Profit margin

4.1.2 Inventory turnover

4.1.3 Debtor collection period

4.1.4 Creditor payment period

4.1.5 Acid test ratio

4.1.6 Return on assets

4.1.7 Return on equity

4.1.8 Dividend per share

Refer to your answers in question 4.1.4 and 4.1.5. Comment on the creditor payment period and

acid test ratio.

Use the information provided below to prepare the Cash Flow Statement of Chelsea Limited for the year ended 31 December 2021 INFORMATION PEPSICO LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER: 2021 (R) 2020 (R) Sales 3312 000 2 800 000 Cost of sales (1 616 000) (1 560 000) Gross profit 1 696 000 1 240 000 Selling and administrative expenses (672000) (568 000) Operating profit 1 024 000 672 000 Interest expense (64 000) (32 000) Profit before tax 960 000 640 000 Tax (256 000) (172 000) Profit after tax 704 000 468 000 LIST OF BALANCES FROM THE STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: 2021 (R) 2020 (R) 1 760 000 1 504 000 Land and buildings 992 000 848 000 Plant and machinery 240 000 0 Investments 384 000 400 000 Inventories 408 000 256 000 Accounts receivable 72 000 64 000 Cash and cash equivalents Ordinary share capital 1 600 000 1 600 000 Retained earnings 896 000 480 000 Long-term loan 640 000 320 000 Accounts payable 384 000 448 000 Income tax payable 128 000 64 000 Dividends payable 208 000 160 000 R96 000 Depreciation on buildings R160 000 Depreciation on plant and machinery There were purchases but no disposals of property, plant and equipment for the financial year ended 31 December 2021 1 Total dividends for the year ended 31 December 2021 and 31 December 2020 amounted to R288 000 and R388 000 respectively. Inventories on 31 December 2019 amounted to R560 000 All purchases and sales of inventories were on credit. : The number of shares in issue was 400 000 Credit terms from creditors are 90 days. Question 4 4.1 4.1.1 Calculate the following ratios for 2021. Express answers to two decimal places Profit margin (2 marks) 4.1.2 Inventory turnover (2 marks) 4.1.3 Debtor collection period (2 marks) 4.1.4 Creditor payment period (2 marks) 4.1.5 Acid test ratio (2 marks) 4.1.6 Return on assets (2 marks) 4.1.7 Return on equity (2 marks) 4.1.8 Dividend per share (2 marks) 4.2 Refer to your answers in question 4.1.4 and 4.1.5. Comment on the creditor payment period and acid test ratio (4 marks)