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Additional information Turnover for the year ended 31 December 2022 amounted to R12 000 000. The gross profit percentage is 25% Half of the turnover

Additional information

Turnover for the year ended 31 December 2022 amounted to R12 000 000.

The gross profit percentage is 25% Half of the turnover is credit sales and 75% of purchases are credit purchases.

REQUIRED: Calculated the following ratios for the year ended 31 December 2022.

3.1 Debt ratio

3.2 Current ratio

3.3 Quick ratio

3.4 Debtors collection period

3.5 Creditors payment period

3.6 Debt to equity ratio

The following is BK (Pty) Ltd statement of financial position for the year ended 31 December 2022

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