STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER Assets Non-cument assets Inventories Accounts receivable Cash and cash equivalents Equity and liabilities Equity Non-cument abilities Accounts payable Additional information 1. The profit after tax for the year ended 31 December 2020 was R240 000 All purchases and sales of inventories are on credit Use the information provided above to answer the following questions 2 3.1 3.1.1 3.1.2 The ratio of the company's net profitto totale 3.1.3 A comparison of the company's long-term debt to its equity 3.1.4 An indicator of how profitable a company is relative to its total asses 3.2 2021 (R) 3.3 2.320 000 720000 3.1.5 Determination of how easily a company can pay the interest on its outstanding deb 3.1.6 The period that the company takes to collect the money owed to it from t 360 000 440 000 2960000 480 000 3840-000 Calculate the ratio (expressed to two decimal places) for 2021 to reflect each of the following The rate at which inventory is sold 2020 (R) Comment on the returns of the shareholders on their investments (expressed to two decimal places) over the two-year period (2021 and 2022) Motivate your answer with the relevant calculations. 1900 000 440 000 500 000 340 000 3240 000 2040 000 820 000 380 000 3240 000 (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) Will the company be able to pay its short-term debits of business conditions are unfavourable? Use 1 mark) an appropriate ratio to motivate your answer. (4 marks)