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Calculate Total Asset Turnover ratio THERMITREX (PTY) LTD STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 begin{tabular}{|l|r|} hline ASSETS & R hline Property,

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THERMITREX (PTY) LTD STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 \begin{tabular}{|l|r|} \hline ASSETS & R \\ \hline Property, plant and equipment (PPE) at cost price & 1350000 \\ \hline Accumulated depreciation & (300000) \\ \hline PPE at carrying value & 1050000 \\ \hline Investment in shares & 825000 \\ \hline Non-current assets & 1875000 \\ \hline & \\ \hline Inventories & 150000 \\ \hline Trade and other receivables & 250000 \\ \hline Cash and cash equivalents & 725000 \\ \hline Current assets & 1125000 \\ \hline & \\ \hline Total assets & 3000000 \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Total assets & 3000000 \\ \hline EQUITY AND LIABILTIES & \\ \hline Share capital & 1250000 \\ \hline Retained earnings & 500000 \\ \hline Ordinary shareholders' equity & 1750000 \\ \hline Preference shares & 1975000 \\ \hline Shareholders' equity & 1975000 \\ \hline Total equity & 19000 \\ \hline & \\ \hline \end{tabular} Total equity and liabilities THERMITREX (PTY) LTD STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 REQUIRED: Based on the information provided, you are required to calculate the following: Total asset turnover ratio

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