Self Assessment Activities 5.8.1 Financial data for Zebcom Limited are as follows: Statement of Comprehensive Income Sales (all credit) Cost of sales (all credit) Profit before tax Tax (25%) Profit after tax Statement of Financial Position as at 31 Dec Current assets Inventories Accounts receivable Marketable securities Cash Current liabilities Accounts payable Other current liabilities 20.14 3 201 150 2 618 010 183 140 45 785 137 355 20.14 2 866 530 482 200 261 290 326 950 1 796 090 1 088 860 190 660 898 200 20.13 1937 300 over this period? Compute the following for 20.14 (ratios for 20.13 are given in brackets): Inventory turnover (2013: 20 times) Debtors collection period (2013: 29,24 days) 1 599 370 122 642 30 660 91 982 20.13 4 974 530 38 860 155 200 2 306 440 2474 030 588 310 192 040 396 270 Required Calculate the gross margin and profit margin for 20.14 and 20.13 Comment on your answers calculated in 5.8.1.1 Calculate the current ratio and acid test ratio at the end of each year. How has the enterprise's liquidity changed Creditors payment period (2013: 43,83 days) What is your interpretation of the enterprise's performance with respect to your answers in 5.8.1.4?