The following information was presented in the financial records of Loodoo Limited: Statement of comprehensive income for the year ended 31 December 2021 Sales Cost of sales Gross profit Operating expenses Operating profit Interest expense Profit before tax Income tax Profit after tax Assets Non-current assets Current assets Total assets Equity and liabilities Shareholders' equity Non-current liabilities Current liabilities Total equity and liabilities Statement of Financial Position as at 31 December 2021 . R 1 250 000 (786 000) 464 000 . (124 000) 340 000 (15 000) 325 000 (97 500) 227 500 . Notes: Current assets (R386 000) include accounts receivable of R160 000, inventories of R80 000 and cash of R146 000. Inventories as at 31 December 2020 amounted to R130 000. R 314 000 386 000 700 000 350 000 205 000 145 000 700 000 Current liabilities comprise accounts payable only. All purchases and sales are on credit. Required: Calculate and comment on each of the following ratios using the information provided above. Where applicable, round off answers to two decimal places. 2.1 2.2 2.3 2.4 2.5 2.6 Profit margin Debtor collection period Creditor payment period Inventory turnover Return on assets Acid test ratio (3) (5) (5) (5) (3) (4)