Super Sonic Ltd$$s Balance Sheets for $2017$ and $2018$ financial years are below:

Assets $20172018$

Non Current Assets $60000007200000$

Inventory $205000330000$

Receivables $320000415000$

Cash $120000420000$

$66450008365000$

Equity and Liabilities

Share Capital $($R$2$ shares$)40000004400000$

Share Premium $300000420000$

Retained Income $600000740000$

Long term Debt $11000002100000$

Payables $645000705000$

$66450008365000$

Abbreviated Income Statement for the year ended $2018$:

Sales $1200000$

Cost of sales $600000$

Depreciation $60000$

Interest expense $40000$

Net Income before Tax $500000$

Tax $(30\%)150000$

Dividends $210000$

Retained Income $140000$

NB

a$.$ Shares are currently trading at R$2,60$ per share.

b$.$ The new shares were issued at the beginning of the year.

$3$

Required:

$2\mathrm{.}1$ Calculate the current ratio for $2018$ and comment. The ratio for $2017$ was $1$:$1.(5)$

$2\mathrm{.}2$ Calculate the dividend yield for $2018$ and explain the meaning$/$significance of your answer. $(5)$

$2\mathrm{.}3$ Share Capital

$2\mathrm{.}3\mathrm{.}1$ Calculate the number of new shares issued. $(2)$

$2\mathrm{.}3\mathrm{.}2$ Calculate the premium per share. $(3)$

$2\mathrm{.}4$ Calculate the Price Earnings $($PE$)$ ratio for $2018.$ What does this ratio mean? $(5)$

$2\mathrm{.}5$ Calculate the market to book ratio and state the significance of this ratio. $(5)$