Extract from the Annual Report of Woolworths holdings Ltd for the year ended 26 June 2023 STATEMENT OF COMPREHENSIVE INCOME for the year ended 2022 52 weeks to 25 June 2023 Rm 52 weeks to 25 June 2022 Rm Continuing Operations Revenue 72 688 65 739 Turnover 72 266 65 362 Cost of sales 45 440 42 137 Gross profit 26 826 23 225 Other revenue 281 316 Expenses 20463 17703 Store costs 12 987 11 861 Other operating costs 7 476 5 842 Operating profit from core trading activities 6644 5838 Transaction and transition costs 71 - Impairment of assets - 14 Lease exit and modification gains - 12 Operating profit before net finance costs 6573 5836 Investment income 141 61 Finance costs 1444 1170 Profit before earnings from joint ventures 5270 4727 Earnings from joint ventures 102 165 Profit before tax 5372 4892 Tax expense 1489 1388 Profit after tax from continuing operations 3883 3504 1 STATEMENT OF FINANCIAL POSITION for the year ended 2022 At 25 June 2023 Rm At 26 June 2022 Rm Non-Current Assets 26 634 39 953 Property, Plant and Equipment 5 919 9 190 Investment Property 1 750 - Intangible assets 8 132 7 451 Right in use assets 8 645 18 891 Investments in joint ventures 1 047 945 Other loans 51 92 Derivatives financial instruments 50 56 Deferred Tax 1 040 3 328 Current Assets 12 953 16 126 Inventories 7 072 8 709 Trade and other receivables 1 648 1 703 Derivative financial instruments 253 314 Tax 43 26 Cash and Cash equivalents 3 577 5 374 Total Assets 39 227 56 079 Equity and Liabilities Equity attributable to shareholders of the parent 11 991 11 775 Stated Capital 7 749 10 830 Treasury shares (1 706) (1 659) Non distributable reserve 1 900 808 Distributable reserves 4 048 1 796 Non-controlling interest 30 25 Total Equity 12 021 11 800 Non-Current liabilities 14 913 29 880 Interest bearing borrowings 5 050 4 813 Lease liabilities 9267 24220 Post retirement medical benefit liability 350 359 Provisions and other payables 221 485 2 Deferred tax 25 3 Current liabilities 12 293 14 399 Trade and other payables 8 259 10 211 Provisions 1 149 1 260 Lease liabilities 1 735 2 564 Derivatives and other financial instruments 30 53 Tax 126 28 Overdrafts and interest-bearing borrowings 994 283 Total Liabilities 27 206 44 279 Total Equity and liabilities 39 227 56 079 Required: Used the Woolworths financial statements provided above to calculate and provide a comment on each of the following ratios for both years. 1.1. Current ratio (3) 1.2. Quick ratio (3) 1.3. Debtors collection period (use turnover). (3) 1.4. Days inventory (use the cost of sales figures) (3) 1.5. Creditors payment period (use the cost of sales figures). (3) 1.6. Return on assets (ROA). (3) 1.7. Debt ratio. (3) 1.8. Times interest paid. (3) 1.9. State the benchmark that you used to comment on the ratios you calculated above. (1