alculate the following ratios for 2022 (expressed to two decimal places) and in each case state whether the ratio for the company is better or worse than the industry average. The ratios for the industry are provided in brackets. Note: Use formulas provided in the formula sheet only (that appear after QUESTION 5). 5.1 Gross profit margin (Industry: 40.25%) (3 marks) 5.2 Trade payables average number of days (Industry: 59.45 days) (3 marks) 5.3 Return on capital employed (Industry: 10.56%) (3 marks) 5.4 Operating profit margin (Industry: 21.62%) (2 marks) 5.5 Acid test ratio (Industry: 0.97:1) (3 marks) 5.6 Debt to equity (Industry: 66.79%) (3 marks) 5.7 Inventory average number of days (Industry: 55 days) (3 marks) INFORMATION Haiden Limited Extract of Statement of Comprehensive Income for the year ended 31 December 2022 R Sales 1 920 000 Cost of sales 1 200 000 Operating profit/Profit before interest and tax 460 000 Profit before tax 390 000 Company tax 109 200 Extract of Statement of Financial Position as at 31 December: 2022 (R) 2021 (R) Non-current assets 2 300 000 1 900 000 Inventories 500 000 460 000 Trade receivables 600 000 500 000 Cash and cash equivalents 400 000 340 000 3 800 000 3 200 000 Ordinary share capital 2 200 000 2 000 000 Accumulated profit 900 000 500 000 Non-current liabilities 500 000 400 000 Trade payables 200 000 300 000 3 800 000 3 200 000 Note: Purchases of inventories for the financial year ended 31 December 2022 amounted to R1 240 000, of which 90% was on credit. Creditors grant credit terms of 60 days