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QUESTION 2 (20 Marks) REQUIRED Use the information provided in Question 1 to answer the following questions: 2.1 Calculate the following ratios for 2022 only.

QUESTION 2 (20 Marks) REQUIRED Use the information provided in Question 1 to answer the following questions: 2.1 Calculate the following ratios for 2022 only. Express the answers to two decimal places. 2.1.1 Net profit margin (2 marks) 2.1.2 Average collection period (Use 360 days.) (2 marks) 2.1.3 Inventory turnover (2 marks) 2.1.4 Acid-test ratio (2 marks) 2.1.5 Debt to assets (2 marks) 2.1.6 Return on equity (2 marks) 2.1.7 Earnings yield (2 marks) 2.2 Comment on the return on equity calculated in question 2.1.6. (4 marks) 2.3 Refer to the appropriate ratio in question 2.1 and explain whether the company will be able to pay its short-term debts when business conditions are not favourable. (2 marks

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