REQUIRED Calculate the following ratios for 2022 (expressed to two decimal places) and in each case state whether the ratio for the company is better or worse than the industry average. The ratios for the industry are provided in brackets. Note: Use formulas provided in the formula sheet only (that appear after QUESTION 5). 5.1 Gross profit margin (Industry: 40.25\%) (3 marks) 5.2 Trade payables average number of days (Industry: 59.45 days) (3 marks) 5.3 Return on capital employed (Industry: 10.56\%) (3 marks) 5.4 Operating profit margin (Industry: 21.62\%) (2 marks) 5.5 Acid test ratio (Industry: 0.97:1) (3 marks) 5.6 Debt to equity (Industry: 66.79% ) (3 marks) 5.7 Inventory average number of days (Industry: 55 days) (3 marks) INFORMATION Purchases of inventories for the financial year ended 31 December 2022 amounted to R1 240000 , of which 90% was on credit. Creditors grant credit terms of 60 days