The following information was obtained from the financial statements of Cartoo Ltd for the year

ended $28$ February $2023$:

R

Sales $500000$

Cost of Sales $300000$

Gross Profit $200000$

Current Assets $150000$

Current Liabilities $50000$

Inventory $50000$

Debtors $80000$

Creditors $40000$

Additional Information:

$$ Credit sales are equal to $20\%$ of the total sales.

$$ Credit purchases for the financial year is R$20000.$

$$ Inventory for the previous year amounted to R $50000.$

$$ Debtors for the previous year amounted to R $80000.$

$$ Creditors for the previous year amounted to R $40000.$

REQUIRED:

$4\mathrm{.}1$ Calculate the Current Ratio. $(3)$

$4\mathrm{.}2$ Calculate the Acid$-$test Ratio $(3)$

$4\mathrm{.}3$ Calculate the Stock turnover rate $(3)$

$4\mathrm{.}4$ Calculate Debtors collection period $(3)$

$4\mathrm{.}5$ Calculate the Creditors payment period $(4)$

$4\mathrm{.}6$ Analyse the liquidity position of the business from the above calculations. $(5)$

$4\mathrm{.}7$ Outline the reasons for a company having a:

$4\mathrm{.}7\mathrm{.}1$ High stock turnover $(2)$

$4\mathrm{.}7\mathrm{.}2$ Low stock turnover $(2)$