INFORMATION Lomax Ltd commenced operations at the start of 2020 manufacturing only standard-sized bricks for the building industry. It's financial position at the end of 2020 and 2021 is evident in the statements provided below: Note 1. There was no significant change in the sales figures over the two-year period. 2. R240 000 of the long-term loan is expected to be repaid during 2022 . REQUIRED Study the Statement of Financial Position as at 31 December 2021 and 2020 before answering the following questions: 1.1 Calculate the amount that would be reflected as "Working capital changes" in the Statement of Cash Flows for the year ended 31 December 2021. (4 marks) 1.2 Did the company expand its operations during 2021? Motivate your answer. (3 marks) 1.3 Is the long-term loan correctly disclosed in the Statement of Financial Position? Explain. (2 marks) 1.4 Is the company in good financial health? Motivate your answer by referring to at least SIX (6) items on the statement. Ratios are not required. (12 marks) 1.5 Calculate the ratios (expressed to two decimal places) that would reflect the following: 1.5.1 A measure of the company's ability to settle its short-term obligations within twelve months. (2 marks) 1.5.2 A measure of the amount of total assets that are financed by creditors instead of investors. (2 marks)