Netforce Security $($Pty$)$ Ltd Balance Sheets for $2024$ and $2023$ financial years are below:Assets $20242023$Non Current$/$Fixed $75000006500000$Inventory $500000300000$Receivables $450000420000$Cash $6500008000091000007300000$Equity and LiabilitiesShare Capital $($R$2$ shares$)50000004400000$Share premium $200000100000$Retained Income $700000400000$Long term Debt $25000001500000$Payables $70000090000091000007300000$The abbreviated Income Statement for the year ended $28$ February $2024$:Sales $(50\%$ on credit$)3000000$Cost of sales $2000000$Depreciation $210000$Interest Expense $87000$Net Income before Tax $900000$Dividends $330000$Retained Income $300000$Required:$1\mathrm{.}1$ Calculate the following ratios for $2024$ and comment. Ratios for $2023$ are given inbrackets$\mathrm{.}1\mathrm{.}1\mathrm{.}1$ Current ratio $(0,89$:$1)(3)1\mathrm{.}1\mathrm{.}2$ Acid test ratio $(0,56$:$1)(3)1\mathrm{.}1\mathrm{.}3$ The debtors collection period $(81$ days$)[$all debtors are on $60$ days accounts$](4)1\mathrm{.}2$ Share capital and equity$1\mathrm{.}2\mathrm{.}1$ Calculate the earnings per share and dividends per share for $2024.(4)1\mathrm{.}2\mathrm{.}2$ Calculate how many shares were issued in $2024?(2)1\mathrm{.}2\mathrm{.}3$ Refer to $1\mathrm{.}2\mathrm{.}2$ above. Were the shares issued at a premium? If so what wasthe premium per share? $(2)1\mathrm{.}3$ Calculate the market to book ratio. Explain the significance of this ratio. $(3)1\mathrm{.}4$ Calculate the return on equity using the Du Point Identity$/$Formula$.$ Explain whethermanagement will be happy with this retur