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QUESTION 3 (25 Marks) Extracts of the financial statements of HP Limited for 2023 are given below. INFORMATION HP Limited Extract of the Statement of

image text in transcribedimage text in transcribed QUESTION 3 (25 Marks) Extracts of the financial statements of HP Limited for 2023 are given below. INFORMATION HP Limited Extract of the Statement of Comprehensive Income for the year ended 31 December 2023 Extract of the Statement of Financial Position as at 31 December 2023 Extract of the Statement of Financial Position as at 31 Decemher 2023 Required: Calculate the following ratios for 2023 . Where applicable, round off answers to two decimal places: 3.1 Operating profit on turnover (5) 3.2 Current ratio (5) 3.3 Acid test ratio (5) 3.4 Interest cover (5) 3.5 Return on assets

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