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R R Assets 2020 2021 Non-Current Assets 6 000 000 7 200 000 205 000 330 000 Inventory Receivables 320 000 415 000 Cash 120 000 420 000 8 365 000 6 645 000 Equity and Liabilities Share Capital (R2 shares) Share Premium 4 000 000 4 400 000 300 000 420 000 Retained Income 600 000 740 000 1 100 000 2 100 000 Long term Debt Payables 645 000 705 000 6 645 000 8 365 000 R Sales 1 200 000 600 000 60 000 Cost of sales Depreciation Interest expense Net Income before Tax 40 000 500 000 Tax (30%) 150 000 Dividends 210 000 Retained Income 140 000 NB: a. Shares are currently trading at R2,60 per share. b. The new shares were issued at the beginning of the year. Calculate the: 3.1 3.2 Current ratio for 2021 and comment. The ratio for 2020 was 1,65:1. Dividend yield for 2021 and explain the significance of your answer. Number of new shares issued. (5) (5) (3) 3.3 3.4 Premium per share. Price Earnings (PE) ratio for 2021 and explain the significance of your answer. Market to book ratio and state the significance of this ratio. (3) (4) 3.5 3.6