ELLA ENCHANTED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2020 R Total income 450 000 Cost of (320 000 130 000 Gross profit Total experise Profit for the year 165000 65 000 Ets also disclosed the following adororal information: She sold equipment with a cost price of R20 000 and accumulated depreciation of R4000 for RT 500 cash during the year. Niew equipment was purchased to R20 000 replace the old equipment and paid for by cheque YOU ARE REQUIRED TO: MARKS Calculate the following ratios for 2020 francial year . Current Acid est ratio . Gross profit percentage Natrollit percentage Rotuman capita Inventory tumower rate monta Detros colection period (day) Creditors payment period (dayal Please write down the formula for each ratio before you do the calculation TOTAL MARKS 25 ELLA ENCHANTED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2020 R Total income 450 000 Cost of (320 000 130 000 Gross profit Total experise Profit for the year 165000 65 000 Ets also disclosed the following adororal information: She sold equipment with a cost price of R20 000 and accumulated depreciation of R4000 for RT 500 cash during the year. Niew equipment was purchased to R20 000 replace the old equipment and paid for by cheque YOU ARE REQUIRED TO: MARKS Calculate the following ratios for 2020 francial year . Current Acid est ratio . Gross profit percentage Natrollit percentage Rotuman capita Inventory tumower rate monta Detros colection period (day) Creditors payment period (dayal Please write down the formula for each ratio before you do the calculation TOTAL MARKS 25