Question 6: (15 marks] You oversee the budget for the February 2020 financial year. The following objectives have been agreed on with the board members. Target R105,678,000 35% 10% Credit sales Gross profit: Mark-up on cost method Net profit percentage Dividend pay-out ratio Debtors days outstanding Inventory days Creditors days Non-current asset turnover Credit purchases: percentage of cost of sales Long term debt to equity Cash and bank 45% 55 days 40 days 60 days 2.1 60% 1.5: 1 800,000 Required: Draft the Statement of Financial Position for the year ended February 2021