INFORMATION Extracts from the financial statements of Keenan Limited for 2022 are provided below: Note: 1. Inventories as at 31 December 2021 and 2022 amounted to R160 000 and R200 000 respectively. 2. The ordinary share capital consists of 400000 shares. 3. The amount owed to trade creditors on 31 December 2022 amounted to R300 000. REQUIRED Use the information provided below to answer the following questions: 3.1 Calculate the ratios for 2022 that reflect each of the following. Express the answers to two decimal places. 3.1.1 The net income expressed as a percentage of revenue 3.1.2 The number of times the company sells and replaces its goods during the period 3.1.3 An indication of how profitable the company is in relation to its total assets (2 marks) (2 marks) (2 marks) 3.1.4 A measure of the company's ability to pay the obligations that are due within one year 3.1.5 A measure of how much profit a company earns from each of its shares of stock (2 marks) 3.1.6 The amount of long-term debt relative to the amount originally invested by the owners (2 marks) (2 marks) and the retained earnings 3.1.7 The time that the company takes to pay its creditors (2 marks) 3.2 Provide TWO (2) recommendations each for Keenan Limited to make an improvement with regard to the following ratios: 3.2.1 Gross margin 3.2.2 Debtor collection period 3.2.3 Inventory tumover