QUESTION 3 3.1 Use the information provided below to calculate the following ratios lor 2018. Where applicable, round off answers to two decimal places. ( 2 marks) 3.1.1 Operating margin 3.1.2. Debtor collection period (2 mars) 3.1.3 Return on assets 3.1.4 Retum on equity (2 marks) (2 mars) (2 marks) 3.1.5 Earnings per share (2 marks) 3.1.6 Acid test ratio INFORMATION Trial balance was extracted from the Additional Information a. Stock at the end of the year amounted to R130 000 b. Provide for depreciation as follows (i) Motor-vehicles-R60 000 (ii) Fumiture - R20 000 c. An employee that is on leave had not been paid R7 200 d. Delivery fees of R1 000 on sales have not yet been paid Required: 6.1 Prepare the comprehensive income statement for the period ending 31 December 2017 (10 marks) 6.2 Prepare the statement of financial position as at 31 December 2017 (10 marks) END OF PAPER QUESTION 4 (20 Marks) Discuss the Systems apprach with reference to the transformation process and its value in strategic planning. QUESTION 5 (20 Marks) Discuss the various areas of management and show it value and relationship to strategic management. QUESTION 6 (20 Marks) "Management does not only apply to big businesses but also to entrepreneurial ventures. Not everyone can or wants to be an entrepreneur, as it needs some special grit and commitment". Discuss the various personal characteristics of entrepreneurs and the value that they bring to an economy of a country. QUESTION 3 3.1 Use the information provided below to calculate the following ratios lor 2018. Where applicable, round off answers to two decimal places. ( 2 marks) 3.1.1 Operating margin 3.1.2. Debtor collection period (2 mars) 3.1.3 Return on assets 3.1.4 Retum on equity (2 marks) (2 mars) (2 marks) 3.1.5 Earnings per share (2 marks) 3.1.6 Acid test ratio INFORMATION Trial balance was extracted from the Additional Information a. Stock at the end of the year amounted to R130 000 b. Provide for depreciation as follows (i) Motor-vehicles-R60 000 (ii) Fumiture - R20 000 c. An employee that is on leave had not been paid R7 200 d. Delivery fees of R1 000 on sales have not yet been paid Required: 6.1 Prepare the comprehensive income statement for the period ending 31 December 2017 (10 marks) 6.2 Prepare the statement of financial position as at 31 December 2017 (10 marks) END OF PAPER QUESTION 4 (20 Marks) Discuss the Systems apprach with reference to the transformation process and its value in strategic planning. QUESTION 5 (20 Marks) Discuss the various areas of management and show it value and relationship to strategic management. QUESTION 6 (20 Marks) "Management does not only apply to big businesses but also to entrepreneurial ventures. Not everyone can or wants to be an entrepreneur, as it needs some special grit and commitment". Discuss the various personal characteristics of entrepreneurs and the value that they bring to an economy of a country