The extracts of the financial statements of TBN Limited for 2021 are provided below: Extract of the 8tatement of Comprohensive Income for the year ended 31 December 2021 Extract of Statement of Flnancial Position as at 31 December 2021 MASTER OF BUSINESS ADMINISTRATION - ACADEMIC AND ASBESSMENT CALENDAR DISTANCE Required: Calculate the following ratios for 2021: (Where applicable, answers must be rounded off to two decimal places.) 1.1 Profit margin 1.2 Interest cover 1.3 Debtors collection period (3) (4) (4) 1.4 Current ratio 1.5 Acid test ratio (4) (4) 1.6 Return on total assets 1.7 Inventory tumover (Inventory 1 January 2021: R204 000) (2) 1.8 Comment on the acid test ratio The extracts of the financial statements of TBN Limited for 2021 are provided below: Extract of the 8tatement of Comprohensive Income for the year ended 31 December 2021 Extract of Statement of Flnancial Position as at 31 December 2021 MASTER OF BUSINESS ADMINISTRATION - ACADEMIC AND ASBESSMENT CALENDAR DISTANCE Required: Calculate the following ratios for 2021: (Where applicable, answers must be rounded off to two decimal places.) 1.1 Profit margin 1.2 Interest cover 1.3 Debtors collection period (3) (4) (4) 1.4 Current ratio 1.5 Acid test ratio (4) (4) 1.6 Return on total assets 1.7 Inventory tumover (Inventory 1 January 2021: R204 000) (2) 1.8 Comment on the acid test ratio