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Extract of the Statement of Financial Position as at 31 March 2022 Required: Calculate and comment on the following ratios (where applicable round off answers

Extract of the Statement of Financial Position as at 31 March 2022 Required: Calculate and comment on the following ratios (where applicable round off answers to two decimal places): 4.1 Gross margin 4.2 Current ratio 4.3 Acid-test ratio 4.4 Debtors collection period 4.5 Inventory turnover 4.6 Return on assets Formulae not required - this is provided

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