Question 2 (20 marks) Anita and Lorato are partners in a business. Their comprehensive income statement for the year ended 31 December 2015 and statement of financial position of their business at 31 December 2015 are as follows: P80 794 000 P 9 707 000 P 1 584 000 Comprehensive Income Statement Turnover Operating income Interest paid Attributable earnings (net profit) Dividend Price per share P 7 365 000 P 1 969 000 70 thebe EPS 23.6 thebe Statement of Financial Position Current assets P66 402 000 Receivables (debtors) Inventory P25 805 000 P19 227 000 Total assets P78 533 000 Current liabilities P26 694 000 P3 884 000 Long term debt P14 818 000 Total debt P47 955 000 31 207 628 shares Equity (ordinary shareholders funds) Number of ordinary shares Required: Calculate the following ratios for Anita and Lorato Net profit margin (ii) Return on equity (2 marks) (3 marks) (iii) Return on assets (iv) Quick ratio Earnings per share (vi) Price earnings ratio (vii) Debt to equity ratio