REQUIRED 2.1 Use the information provided below to calculate the following ratios for the financial year ended 31 December 2022. (Where applicable, round off answers to two decimal places.) 2.1.1 Profit margin (2 marks) 2.1.2 Current ratio (2 marks) 2.1.3 Return on equity (2 marks) 2.1.4 Inventory turnover (2 marks) 2.1.5 Debt to assets (2 marks) 2.1.6 Earnings per share (2 marks) 2.1.7 Debtors collection period (2 marks) 2.2 The 2021 ratios for Sheesha limited has been provided here below. The 2022 ratios have been calculated here above. In light of comparing the 2021 and 2022 ratios of Sheesha Limited, comment on the following ratios that have been calculated for Sheesha Limited. Provide two significant comments for each one. 2021 2.2.1 Profit Margin 18.50% (2 marks) 2.2.2 Debtors Collection period 58 days (2 marks) 2.2.3 Current ratio 1:25% (2 marks) INFORMATION Excerpts of financial data of Sheesha Limited for 2022 are as follows: Statement of Comprehensive Income for the year ended 31 December 2022 R Sales 7 550 000 Cost of sales 4 535 000 Operating profit 3 015 000 Interest expense 355 000 Profit before tax 2 660 000 Profit after tax 1 729 000 Statement of Financial Position as at 31 December 2022 ASSETS Non-current assets 4 530 000 Inventories 405 000 Accounts receivable 1 330 000 Cash 777 000 7 042 000 EQUITY AND LIABILITIES Ordinary share capital 1 250 000 Retained earnings 792 000 Long-term loan 4 150 000 Accounts payable 850 000 7 042 000 Additional information 1. Inventories on 31 December 2021 amounted to R377 000. 2. All purchases and sales of inventory are on credit. 3. 500 000 ordinary shares have been issued by the company. 4. The credit terms offered by suppliers are 60 days