Question Two 21 The extracts of the financial statements of Zambenimited to 2020 and 2015 are provided below INFORMATION Zambezi Limited Extract of Statement of Comprehensive Income for the year ended 31 December 2020 R Sales (all credit) 1920 000 Cost of sales 1 200 000 7 Gross Profit 2019 Extract of the Statement of Financial Position 31 December 2020: ER 512 000 480 000 Inventories 300 000 504 000 Accounts Receivable 40 000 336 000 Cash and cash equivalents 108 000 380 000 Current Liabilities REQUIRED Calculate the following for 2020. Where applicable round offers to two decimal places (2 marks) 2. Gross Profit 22 Calculate the following ratios Gross Profit Margin (5 marks) 23 Debtors collection period (5 marks) 24 Current ratio (5 marks) 25 Add test ratio 5 marks) 26 Given that the industry average for Gross profit margin is 42% comment on Zambal's Gross profit margin [3 marks)