THE FOLLOWING INFORMATION WAS EXTRACTED FROM THE ACCOUNTING RECORDS OF CONCHA LIMITED FOR THE FINANCIAL YEARS ENDED 31 DECEMBER 2020 AND 2019: \begin{tabular}{|c|c|c|} \hline Land and buildings & 45000 & 45000 \\ \hline Motor vehicles & 37500 & 30600 \\ \hline Plant and equipment & 138534 & 49065 \\ \hline Investments & ? & ? \\ \hline Current assets & 84399 & 94218 \\ \hline Inventories & 37671 & 47364 \\ \hline Accounts receivable & 38829 & 44034 \\ \hline Cash & 7899 & 2820 \\ \hline Total assets & ? & 245133 \\ \hline \multicolumn{3}{|l|}{ EQUITY AND LIABILITIES } \\ \hline Equity & ? & ? \\ \hline Share capital & ? & ? \\ \hline Retained income & 74464 & 65532 \\ \hline Non-current liabilities & 92802 & 76248 \\ \hline Loan (18%) & 92802 & 76248 \\ \hline Current liabilities & 46035 & 29853 \\ \hline Accounts payable & 46035 & 29853 \\ \hline Total equity and liabilities & 315633 & 245133 \\ \hline \end{tabular} CONCHA LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER: \begin{tabular}{|c|c|c|} \hline & 2020 & 2019 \\ \hline & R000 & R'000 \\ \hline Sales & 216486 & 143499 \\ \hline Cost of sales & 120270 & 72090 \\ \hline Gross profit & 96216 & 71409 \\ \hline Operating expenses & 30414 & 24828 \\ \hline Depreciation & 11019 & 4290 \\ \hline Other selling, general and administrative expenses & 19395 & 20538 \\ \hline Operating profit & 65802 & 46581 \\ \hline Investment income & ? & ? \\ \hline Interest expense & 17634 & 12198 \\ \hline Profit before tax & 52284 & 40620 \\ \hline Company tax & 15685 & 12186 \\ \hline Net profit & 36599 & 28434 \\ \hline \end{tabular} Note: 1. All sales are on credit. Use the information provided in QUESTION 1 to answer the following questions. 2.1 Calculate the ratios for 2020 (answers expressed to two decimal places) that would reflect each of the following: (14 marks) 2.1.1 The percentage of profit on sales that the company produced from its operations prior to considering (2 marks) interest and taxes 2.1.2 The amount of time it takes for clients to settle their debts. (2 marks) 2.1.3 The efficiency with which the company used its net assets to produce sales. (2 marks) 2.1.4 The efficiency of the company in using its capital to generate profits. (2 marks) 2.1.5 The proportion of the profit after tax that is kept back in the company as retained earnings. (2 marks) 2.1.6 A measure of the company's ability to pay its short-term obligations within one year. (2 marks) 2.1.7 A measure of the amount of total assets that are financed by creditors instead of investors. (2 marks) 2.2 Comment on your answers in questions 2.1.4, 2.1.5 and 2.1.6 above. (6 marks)