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The following amounts were obtained from the Statement of Comprehensive Income for the year ended 31 December 2022 and Statement of Financial Position of Alto

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The following amounts were obtained from the Statement of Comprehensive Income for the year ended 31 December 2022 and Statement of Financial Position of Alto Limited as at 31 December 2022 and 31 Note: Dividends paid and recommended during 2022 amounted to R300 000. All purchases and sales of inventories are on credit. Some of the investments were redeemed during the financial year ended 31 December 2022. Debtors are granted credit terms of 30 days. REQUIRED Use the information provided in QUESTION 4 to answer the following questions: 5.1 Calculate the following ratios (expressed to two decimal places) for 2022 only. Note: Use formulas provided in the formula sheet only (that appear after QUESTION 5). 5.1.1 Gross margin 5.1.2 Dividend per share 5.1.3 Retum on assets 5.1.4 Current ratio 5.1.5 Acid test ratio 5.1.6 Debt to equity 5.1.7 Creditor payment period (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) 5.2 Comment on the following ratios: 5 5 5 END OF PAPER

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