Octopus Limited Statement of comprehensive income for the year ended 31 December 2022 Sales Gross profit Other operating income Operating expenses Operating profit Finance income Finance costs Profit before tax Income tax Profit after tax Octopus Limited Statement of financial position as at 31 December 2022 2022 R 2021 R 120 000 000 48 000 000 8 500 000 (35 000 000) 21 500 000 1 450 000 (1 890 000) 105 000 000 42 000 0000 7 500 000 (33 000 000) 16 500 000 1200 000 (1950 000) 22 941 100 15 750 000 (6 882 330) (4 725 000) 16 058 770 11 025 000 2022 2021 2020 R R R Assets Non-current assets Inventories Accounts receivable Cash Total assets 32 850 000 29 950 000 26 000 000 8 250 000 5645 000 7 250 000 3 940 000 5 525 000 4 950 000 960 000 880 000 800 000 46 000 000 42 000 000 39 000 000 Equity and liabilities Ordinary share capital (460 000 shares) 15 000 000 15 000 000 15 000 000 Retained earnings 9 580 000 7 200 000 6 800 000 Long-term loan (18%) 9 230 000 10 500 000 12 000 000 Accounts payable 5 140 000 4 325 000 3 750 000 Other current liabilities 7 050 000 4 975 000 1 450 000 Total equity and liabilities 46 000 000 42 000 000 39 000 000 Using the financial statements provided above, calculate the following ratios for the 2022 financial year (show all calculations, including the analytical formula used to calculate each ratio): 2.1 Net operating profit margin 2.2 Return on total assets 2.3 Return on capital employed 2.4 Times interest earned (2 marks) (2 marks) (2 marks) (2 marks) 2.5 Capital gearing ratio (2 marks) END OF PAPER