QUESTION $3$

The extracts of the financial statements of Beira Limited for $2023$ are provided below.

REQUIRED

Calculate and comment on the following ratios for $2023.$ Where applicable, round off answers to two decimal places. The ratios for $2022$ are provided in brackets.

$3\mathrm{.}1$ Gross profit margin

$3\mathrm{.}2$ Current ratio

$3\mathrm{.}3$ Average collection period $($Use $360$ days$)$

$3\mathrm{.}4$ Average payment period $($Use $360$ days$)$

$3\mathrm{.}5$ Retum on equity

$3\mathrm{.}6$ Eamings per share

$3\mathrm{.}7$ Dividends per share

INFORMATION

$(2022$: $56\mathrm{.}78\%)$

$(2022$: $1\mathrm{.}89$:$1)$

$(2022$: $45\mathrm{.}78$ days$)$

$(2022$: $90$ days$)$

$(2022$: $25\mathrm{.}67\%)$

$(2022$: R$1\mathrm{.}20)$

$(2022$: R$0\mathrm{.}75)$

BEIRA LIMITED

$\backslash$table$[[$EXTRACT OF STATEMENT OF COMPREHENSIVE INCOME THE YEAR ENDED $31$ DECEMBER $2023,],[,$R$],[$Sales $($all credit$),836000],[$Gross profit,$396000],[$Operating profit,$152000],[$Interest expense,$(6000)$