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QUESTION 5 51 REQUIRED Use the information provided below to calculate the following ratios for 2019. Where applicable, round off answers to two decimal places. Inventory turnover period Trade receivables period Trade payables period Return on capital employed Current ratio Acid-test ratio 5.2 Explain how the company can improve on the following by providing two suggestions each: Inventory turnover period Trade receivables period INFORMATION Excerpts of the financial data of Leo Limited for 2019 are as follows: Income statement for the year ended 31 December 2019 Sales Cost of sales R 3 250 000 2 200 000 332 000 44 000 Operating profit Interest expense Profit before tax Company tax 288 000 86 000 QUESTION 5 51 REQUIRED Use the information provided below to calculate the following ratios for 2019. Where applicable, round off answers to two decimal places. Inventory turnover period Trade receivables period Trade payables period Return on capital employed Current ratio Acid-test ratio 5.2 Explain how the company can improve on the following by providing two suggestions each: Inventory turnover period Trade receivables period INFORMATION Excerpts of the financial data of Leo Limited for 2019 are as follows: Income statement for the year ended 31 December 2019 Sales Cost of sales R 3 250 000 2 200 000 332 000 44 000 Operating profit Interest expense Profit before tax Company tax 288 000 86 000