INFORMATION

Statement of comprehensive income for the year ended 31 December 2022
	R
Sales (all credit)	7 800 000
Cost of sales	6 600 000
Gross profit	1 200 000
Operating expenses	800 000
Operating profit	400 000
Interest expense	252 000
Profit before tax	148 000
Tax	60 000
Profit after tax	88 000

Excerpts of financial statements of Brown Limited for 2022 are as follows:

Statement of changes in equity the year ended

31 December 2022

Statement of financial position as at 31 December 2022	R
Assets
Non-current assets	722 000
Inventories	1 672 000
Accounts receivable	804 000
Cash	104 000
Total assets	3 302 000

Equity and liabilities
Ordinary share capital	920 000
Retained earnings	452 000
Long-term loan (18%)	850 000
Accounts payable	350 000
Other current liabilities	730 000
Total Equity and Liabilities	3 302 000

Required:

Use the information provided to calculate the following ratios for 2022. Where applicable, round off answers to two decimal places.

Operating margin (2)

Debtor collection period (2)

Return on assets (2)

Return on equity (2)

Earnings retention ratio (2)

Acid test ratio (2)