The Apollo Ltd is a pharmaceutical entity that trades in Durban. The following information has been

extracted from the books of Apollo Ltd:

Statement of income for the year ended $31$ January $2019$

$20182019$

R R

ASSETS

Non$-$current assets

Property, plant and equipment carrying amount $4600066000$

Current assets

Inventory $1300044000$

Trade and other receivables $1710025400$

Cash and cash equivalents $30800-$

Total current assets $6038069080$

Total assets R $106380$ R $135080$

EQUITY AND LIABILITIES

Equity

Capital $7100071000$

Total equity $130000110000$

Non$-$ current liabilities

Long$-$term loan $16000-$

Current liabilities

Trade and other payables $1938025080$

VAT payable $-3300$

Total current liabilities $1938058000$

Total liabilities $3538058080$

Total equity and liabilities R $106380135080$

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Additional information

Purchases and sales for the year ended $31$ January $2019$ were as follows:

Purchases Sales

R R

Cash $2800089000$

Credit $117000111000$

R $145000$ R $200000$

Required:

$1\mathrm{.}1$ Calculate the following with regard to the year ended $31$ January $2019$:

$1\mathrm{.}1\mathrm{.}1$ the gross profit percentage on sales $(35\%).(3)$

$1\mathrm{.}1\mathrm{.}2$ the current ratio $(3\mathrm{.}4$: $1).(3)$

$1\mathrm{.}1\mathrm{.}3$ the debtors collection period $(30$ days$).(3)$

$1\mathrm{.}1\mathrm{.}4$ the creditors payment period $(30$ days$).(3)$

$1\mathrm{.}1\mathrm{.}5$ the acid test ratio $(2\mathrm{.}7$:$1).(4)$

$($The figures between the brackets are the corresponding figure for $2018)$

$1\mathrm{.}2$ Give three possible reasons for the fluctuation in gross profit percentages. $(6)$

$1\mathrm{.}3$ Comment briefly on the liquidity position of the entity Apollo Ltd$.(3)$