Extracts of the Statement of Comprehensive income, Statement of Financial Position and other financial information for Spar Limited appear below.

INFORMATION Spar Limited Statement of comprehensive income for the year ended 31 December 2022

R Sales 803 750 Cost of sales (676 500)

Gross profit 127 250 Operating expenses (92 250)

Operating profit 35 000 Interest expense (12 250)

Profit before tax 22 750

Income tax (9 100)

Profit after tax 13 650

Statement of Financial Position as at 31 December 2022

Assets R

Non-current assets 146 250

Current assets 327 500

Total assets 473 750

Equity and liabilities Shareholders' equity 196 650

Non-current liabilities 128 250

Current liabilities 148 850

Total equity and liabilities 473 750

Note

Current assets (R327 500) include accounts receivable of R168 000,

inventories of R75 000 and cash of R84 500. -

Inventories as at 31 December 2021 amounted to R105 000. -

Current liabilities comprise accounts payable only. -

All purchases and sales are on credit.

REQUIRED Calculate the following ratios. Where applicable, round off answers to two decimal places.

2.1 Profit margin (4 marks)

2.2 Debtor collection period (4 marks)

2.3 Creditor payment period (4 marks)

2.4 Inventory turnover (5 marks)

2.5 Return on own capital (4 marks) 2.6 Acid test ratio (4 marks)