Calculate the following ratios for $2022.$ Only use ratios found in your module guide. Where applicable, round off answers to two decimal places.

$\begin{array}{cc}2\mathrm{.}1\text{O}\text{p}\text{e}\text{r}\text{a}\text{t}\text{i}\text{n}\text{g}\text{p}\text{r}\text{o}\text{f}\text{i}\text{t}on\text{t}\text{u}\text{r}\text{n}\text{o}\text{v}\text{e}\text{r}& 4\text{m}\text{a}\text{r}\text{k}\text{s}\\ 2\mathrm{.}2\text{C}\text{u}\text{r}\text{r}\text{e}\text{n}\text{t}\text{r}\text{a}\text{t}\text{i}\text{o}& 4\text{m}\text{a}\text{r}\text{k}\text{s}\\ 2\mathrm{.}3\text{A}\text{c}\text{i}\text{d}\text{t}\text{e}\text{s}\text{t}\text{r}\text{a}\text{t}\text{i}\text{o}& 4\text{m}\text{a}\text{r}\text{k}\text{s}\\ 2\mathrm{.}4\text{I}\text{n}\text{t}\text{e}\text{r}\text{e}\text{s}\text{t}\text{c}\text{o}\text{v}\text{e}\text{r}& 4\text{m}\text{a}\text{r}\text{k}\text{s}\\ ?& 4\text{m}\text{a}\text{r}\text{k}\text{s}\end{array}$

QUESTION THREE

CASH BUDGET

$(20$ MARKS$)$

The following data and estimates are available for Morrocan Enterprises for August, September and October $2022.$

$\backslash$table$[[,$August,September,October$],[,($R$),($R$),($R$)],[$Sales$,11000,220000,330000],[$Wages$,28000,34000,35000],[$Fixed overheads,$18500,18500,18500],[$Variable overheads,$9000,11000,10000]]$

The following information is available regarding purchases of direct materials.

August

R$15000$

September

R$27000$

October

R$29000$

Additional information

$30\%$ of sales are for cash, cash sales for July amounted to R$99000.$ Credit sales are repaid in the following month of sale.

Since wages are paid on specific days, only $75\%$ of a month's budgeted wages are paid in that month. The rest in paid in the following month. R$6000$ of the wages for July are due to be paid during August.

Fixed overheads include R$2000$ per month for depreciation. Payment of fixed overheads is delayed by one month. July's fixed overheads amounted to R$18500.$

$60\%$ of the Direct materials is paid for in the month in which they were incurred and $40\%$ is to be paid one month later. Direct materials for July amounted to R$12500.$

Purchases of variable overheads are paid for in the month purchased

The opening cash balance in August is R$27800.$

A tax bill of $R42000$ is to be paid in August.

REQUIRED

Prepare a cash budget for August, September and October $2022.$