Calculate the following ratios for 2020 and in each case state whether there has been an improvement or deterioration in the ratio. Where applicable, express answers to two decimal places. The ratios for 2019 are provided in brackets. (20 Marks) 5.1 Gross profit margin (2019: 60.52%) (3 marks) 5.2 Trade receivables average number of days (2019: 35.28 days) (3 marks) 5.3 Return on capital employed (2019: 32.93%) (3 marks) 5.4 Current ratio (2019: 1.90:1) (3 marks) 5.5 Acid test ratio (2019: 0.96:1) (3 marks) 5.6 Debt to equity (2019: 89.48%) (2 marks) 5.7 Inventory average number of days (2019: 79.38 days) (3 marks) INFORMATION The following information was extracted from the financial statements of Jaguar Limited on 31 December 2020: R Sales (all credit) 2 000 000 Cost of sales 900 000 Profit before interest and tax 500 000 Profit before tax 460 000 Profit after tax 322 000 Ordinary share capital 1 000 000 Retained profit 270 000 Inventory 400 000 Trade receivables 200 000 Cash and cash equivalents 100 000 Long-term loan 350 000 Trade payables 200 000 Property, plant and equipment 800 000 Long-term investments 320 000