e PDF/A standard and has been opened read-only to prevent modification. QUESTION 2 [15 Marks] Following the launch of a new product on 1 July 2022, Croesus Enterprises experienced a period of rapid expansion in the last 6 months of the year ended 31 December 2022. The following information is available from the management accounts of Croesus Enterprises: Inventories at end of period Trade receivables at end of period Cash and cash equivalent at end of period Trade payables at end of period Short-term borrowing (overdraft) at end of period Sales (revenue) for the period Cost of sales for the period Additional information Eskom 6 months to 31 December 2022 R 2 440 000 3 430 000 e 1+1 2 380 000 500 000 6 200 000 4 840 000 6 months to 30 June 2022 R 920 000 1 580 000 300 000 1 160 000 4 000 000 2 900 000 All Sales and purchases are on credit. To calculate credit purchases for the 6 months ended 30 June 2022, assume that inventory on 1 January 2022 was R600 000. Required: 2.1. Using the formulae in your module guide, calculate the following ratios for the 6 months ended 31 December 2022 (last 6 months of the year) and the 6 months ended 30 June 2022 (first 6 months of the year). Round off answers to two decimal places in each case: 2.1.1. Gross margin G (2) s w A facebook 4

This file claims compliance with the PDF/A standard and has been opened read-only to prevent modification. QUESTION 1 [30 MARKS] Star Ltd is a South African resident. It is a small business corporation that manufactures sportswear clothing. The company's financial year ends on 28 February. Star Ltd is a registered vat vendor and the company does not apply IFRS 9 for financial reporting purposes. The following information is available for the year ended 28 February 2023 (all amounts exclude VAT unless otherwise