ASSETS

Non$-$current assets $451800$

Property, plant and equipment

Accumulated depreciation

Other non$-$current assets

$843000$

$(434600)$

$43400$

Current assets $2982400$

Inventories $1825400$

Accounts receivable $722400$

Cash and cash equivalents $434600$

Total assets $3434200$

EQUITY AND LIABILITIES

Equity $992800$

Ordinary share capital

Retained income

$624000$

$368800$

Non$-$current liabilities $240000$

Mortgage bond $240000$

Current liabilities $2201400$

Accounts payable

Other current liabilities

$612300$

$1589100$

Total equity and liabilities $3434200$ADDITIONAL INFORMATION:

Operations for the following year were projected using the following working assumptions to plan the financial results:

$$ Sales were forecast at R$20900000.$

$$ Capital expenditures were scheduled at R$42000$ for a delivery van and R$72000$ for warehouse improvements.

$$ Depreciation is expected to be R$62800$ for the year.

$$ Inventories, Accounts receivable and Accounts payable are estimated to be $10\%,4\%$ and $6\%$ of sales respectively.

$$ Cash balances are desired to be no less than R$300000.$

$$ Net profit after tax is expected at a level of $0\mathrm{.}19\%$ of sales.

$$ Dividends for the year were estimated at R$25000.$

$$ A mortgage loan repayment of R$20000$ is expected to be made.

$$ Other current liabilities will be allowed to fluctuate with seasonal needs $2\mathrm{.}1$ Calculate the following ratios for the year ending $2023$:

$2\mathrm{.}1\mathrm{.}1$ Current ratio $(4)$

$2\mathrm{.}1\mathrm{.}2$ Debt to equity ratio $(3)$

$2\mathrm{.}1\mathrm{.}3$ Inventory turnover ratio $(4)$

$2\mathrm{.}1\mathrm{.}4$ Return on equity $(3)$

$2\mathrm{.}1\mathrm{.}5$ Acid test ratio $(3)$

$2\mathrm{.}1\mathrm{.}6$ Capital gearing ratio $(3)$