Daily Corporation Ltd$$s Statement of Financial Position for $2020$ and $2021$ are provided below:

Assets $20212020$

Non Current Assets $50000003800000$

Inventory $500000700000$

Receivables $350000420000$

Cash $280000140000$

$61300005060000$

Equity and Liabilities

Share Capital $($R$2$ shares$)26000001700000$

Retained Income $500000940000$

Long term Debt $20000001800000$

Payables $1030000620000$

$61300005060000$

Their abbreviated Statement of Comprehensive Income for the year ended $2021$ appeared as follows:

R

Sales $(75\%$ on credit$)2400000$

Cost of sales $1600000$

Depreciation $62000$

Interest expense $96000$

Tax $(30\%)160000$

Net Income after tax $300000$

Dividends $240000$

Retained Income $60000$

Note: Their shares are currently trading at R$3$ per share.

Required:

$1\mathrm{.}1$ Calculate the Gross Profit Margin and the Net Profit Margin. $(4)$

$1\mathrm{.}2$ Calculate the Earnings Per Share $($EPS$)$ and Dividends Per Share $($DPS$)$ for the current year and explain what occurs to the difference between the EPS value and the DPS value. $(6)$

$1\mathrm{.}3$ Calculate the return on equity. Will shareholders be happy with this return?

Explain. $(2)$

$1\mathrm{.}4$ Calculate and comment on the acid test ratio for both years. $(5)$

$1\mathrm{.}5$ Calculate and comment on the debt equity ratio for both years. $(5)$

$1\mathrm{.}6$ Calculate the stock turnover rate for $2021$ and explain the meaning of this ratio. $(3)$