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Their abbreviated Statement of Comprehensive Income for the year ended 2021 appeared as follk Note: Their shares are currently trading at R3 per share. 1.3
Their abbreviated Statement of Comprehensive Income for the year ended 2021 appeared as follk Note: Their shares are currently trading at R3 per share. 1.3 Calculate the return on equity. Will shareholders be happy with this return? Explain. (2) 1.4 Calculate and comment on the acid test ratio for both years. (5) 1.5 Calculate and comment on the debt equity ratio for both years. (5) 1.6 Calculate the stock turnover rate for 2021 and explain the meaning of this ratio
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