are then sold to local gun stores. The abridged accounts for $2021$ and $2022$ are given below

$($all sales are on credit$)$:

Statement of Financial Position as at $28$ February:

Equity and Liabilities

Equity

Capital

Net Profit for the Year

Liabilities

Current Liabilities

Trade Payables

Bank overdraft

Required:

As a financial analyst calculate the following ratios for John Wick $($Pty$)$ Ltd for both the $2021$

and $2022$ financial years:

Round your answers to $2$ decimal points and round the trade receivable collection period to

a full day.

Note:

Non$-$Current Assets as at $1$ March $2020$ was R$620000$

Trade Receivables as at $1$ March $2020$ was R$100000$

Inventories as at $1$ March $2020$ was R$180000$

$3\mathrm{.}9$ Write a report to the shareholders of John Wick $($Pty$)$ Ltd giving constructive feedback on the ratios calculated above for the $2022$ and $2021$ years. Clearly articulate your opinion on all matters and provide feedback on the performance of the company over the $2$ years based on the information provided. $(18)$