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Calculate the following ratios for 2022 (expressed to two decimal places). Note. Use the formulas provided in the formula sheet only (that appear after QUESTION
Calculate the following ratios for 2022 (expressed to two decimal places). Note. Use the formulas provided in the formula sheet only (that appear after QUESTION 5). Gross profit margin Net profit margin Inventory turnover Current ratio Acid test ratio Debtequity ratio Dividend yield Comment on the following ratios: (2 marks) (2 marks) (2 marks) INFORMATION Extracts of the financial statements of Soire Limited for 2022 are aiven helow. Additional information i. Inventones amounted to R301 000 on 31 December 2021. i Dividends paid during 2022 amounted to R187 500. i The authorised share capital consisted of 1000000 ordinary shares of which 750000 were issued. i The market price of the share was R3 on 31 December 2022. i Credit terms to debtors are 30 days
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