The following information appeared in the accounting records of Toodo Enterprises:

Extract from the Statement of Comprehensive Income for the year ended 31 March 2022

R

Sales (all credit)

610 000

Gross profit

390 000

Operating profit

170 000

Interest expense

17 000

Profit before tax

153 000

Net profit after tax

110 000

Extract of the Statement of Financial Position as at 31 March 2022

R

R

Assets

Non

-

current assets

700 000

Current assets

340 000

Inventory

70 000

Debtors

150 000

Bank

120 000

1 040 000

Equity and Liabilities

Owners' equity

600 000

Non-current liabilities

300 000

Current liabilities

140 000

1 040 000

Required:

Calculate and comment on the following ratios (where applicable round off answers to two decimal

places):

4.1

Gross margin

(4)

4.2

Current ratio

(4)

4.3

Acid-test ratio

(4)

4.4

Debtors collection period

(4)

4.5

Inventory turnover

(4)

4.6

Return on assets

(5)

Formulae not required

-

this is provided.