Question 1.2 An abbreviated income statement and balance sheet are provided below. (10 marks) Use Template 2 in the spreadsheet provided, then calculate the following ratios: 1. GP/sales 2. PAT/Sales 3. ROABIT 4. ROI 5. Current 6. Quick/Acid 7. Debtor days 8. Inventory days 9. Debt ratio 10. Debt to equity ratio The ratio formulas are provided at the bottom of this exam paper. Question 1.2 Fill in the green blocks Rands Income statement Sales Cost of sales Profit before interest & tax Profit after tax 410 000 280 000 136 000 32 600 Balance sheet Non-current assets GP/sales PAT/Sales ROABIT ROI Current Quick/Acid Debtor days Inventory days Debt ratio Debto to equity ratio 157 800 Current assets A/cs receivable Inventory Cash 183 800 82 000 79 800 22 000 Total assets 341 600 Equity Non-current liabilities Current liabilities 160 000 67 600 114 000 341 600