REQUIRED Use the information provided below to answer the following questions: 2.1 2.1.1 2.12 2.1.3 2.14 2.1.6 2.1.7 2.2 2.1.5 Debt-equity ratio 2.3 Calculate the following ratios. Express the answers to two decimal places. Gross proft margin Total asset turmover Retum on equity Current ratio Sales Earnings per share Finance cost coverage Comment on the acid test ratio which was 1.12:1 in 2021 and 1.70:1 in 2022. Suggest TWO (2) possible reasons for a drop in the gross profit margin ratio from 2021 to 2022 INFORMATION WOOLIES LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2022 Cost of sales Gross profit Operating expenses Eamings before interest and tax Interest expense Eamings before tax Company tax Eanings after interest and tax (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (4 marks) (2 marks) R (6765 000) 1272 500 (922 500) 350 000 ? 227 500