haza/Downloads/Business Finance%20New.pr2001).pdf 6711 QUESTION 3 12 REQUIRED 3.1 Use the information provided below to calculate the following rabios. Where applicable off answers to two decimal places 3.1.1 Inventory tumover 12 3.12 interest cover 12 3.13 Gross profit margin 12 3.14 Return on culty 12 3.15 Current ratio 21 3.16 Add test ratio 3.1.7 Debt-equity ratio 3.2 Reler in question 3.1.6 and comment on the acid test ratio which was 1 09.14 2018 Suggest TWO (2) ways in which the company can improvets average collection (2 period 33 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2019 R Sales (al credit) 803 000 Cost of sales (676 000) Gross profit 127 000 Operating expenses (92000) Operating profit 35 000 Interest expense (12000 Profit before tax 23000 (6 900) Income tax 16 100 Profit after tax R 146 000 328 000 474 000 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 Assets Non-current assets Current assets Total assets Equity and liabilities Shareholders' equity Non-current liabilities Current liabilities Total equity and liabilities 196 000 128 000 150 000 474 000 haza/Downloads/Business Finance%20New.pr2001).pdf 6711 QUESTION 3 12 REQUIRED 3.1 Use the information provided below to calculate the following rabios. Where applicable off answers to two decimal places 3.1.1 Inventory tumover 12 3.12 interest cover 12 3.13 Gross profit margin 12 3.14 Return on culty 12 3.15 Current ratio 21 3.16 Add test ratio 3.1.7 Debt-equity ratio 3.2 Reler in question 3.1.6 and comment on the acid test ratio which was 1 09.14 2018 Suggest TWO (2) ways in which the company can improvets average collection (2 period 33 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2019 R Sales (al credit) 803 000 Cost of sales (676 000) Gross profit 127 000 Operating expenses (92000) Operating profit 35 000 Interest expense (12000 Profit before tax 23000 (6 900) Income tax 16 100 Profit after tax R 146 000 328 000 474 000 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 Assets Non-current assets Current assets Total assets Equity and liabilities Shareholders' equity Non-current liabilities Current liabilities Total equity and liabilities 196 000 128 000 150 000 474 000