Statement of financial performance for the year ended 30 September 2021 Sales 50 065 011 Less cost of sales 23 098 500 1 516 901 Opening inventory Purchases 22 959 186 24 476 087 (1 377 587) 26 966 511 12 554 232 17 550 837 Closing inventory Gross profit Less operating expenses Earnings before interest and taxes Less interest expense Earnings before tax Less tax (28%) Earnings after tax (100 155) 17 450 682 (4 886 191) 12 564 491 Net profit distributed as follows: Dividends to ordinary shareholders Retained earnings 3 769 348 8 795 143 12 564 491 55 800 000 5 984 120 Statement of financial position as at 30 September 2021 Non-current assets 60 345 000 Shareholder's interest Ordinary shares Current assets Retained earnings Cash 495 000 Long-term debt Account receivable 1 080 000 Current liabilities Inventory 1 378 006 Accounts payable Total assets 63 298 006 Equity and liabilities 932 832 581 054 63 298 006 3 HEMN330-1-JulDec2021-SA1-GC-V3-27102021 Additional information 55 800 000 @ 1000 cents each Number of ordinary shares issued Current market price per share 3 276 cents Industrial averages Ratio Industrial average EPS 180 cents DPS 45 cents P/E 11 Debt ratio 10% 20% Debt-equity ratio Times interest ratio 25 Required: Calculate and interpret the firm's basic debt and securities market ratios based on the above financial statements. State all ratios/formulas before doing the calculation and show all your calculations, (28 marks)