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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

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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: Purchases of inventories for the financial vaar andar 21 nacember 2022 amounted to R1 240 000, of which 90% was on credit. Creditors grant credit terms of 60 days

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