QUESTION $3$

$(20$ Marks$)$

$3\mathrm{.}1$

REQUIRED

With the use of TWO $(2)$ appropriate ratios $($expressed to two decimal places$),$ comment on the ability of RS Traders to honour its short$-$term obligations.

$(6$ marks$)$

INFORMATION

The following information was extracted from the Statement of Financial Position of RS Traders as at $31$ December $2023$:

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