Accounts payable opening balance 120 000 150 000 Accounts payable closing balance 100 000 120 000 Expenses payable 50 000 70 000 Sales credit 3 200 000 4 000 000 Sales - cash 'I 200 000 2 200 000 Cost of sales 1 400 000 3 000 000 Required: 2.1. Calculate the following ratios for both Fro YoToGo and for the industry average: 2.1.1. Current ratio {4) 2.1.2. Acid test ratio (4} 2.1.3. Debtors collection period {4) 2.1.4. Creditors payment period {4) 2.1.5. Inventory period (4) 2.2. Consider the information provided and your calculations in 2.1 above and prepare a letter to assist one of your clients, Ms Tulip in making a decision on whether to invest in Fro YoToGo. (1 U)