Use the information provided below to prepare the Cash Flow Statement of Rolex Limited for the year ended 31 December 2021. INFORMATION The following information was extracted from the records of Rolex Limited for the financial year ended 31 December 2021. ROLEX LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 R Sales Cost of sales Gross profit Selling and administrative expenses Operating profit Interest expense Profit before tax Company tax Profit after tax STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: ASSETS Non-current assets Property, plant and equipment investments 4 140 000 (2 020 000) 2 120 000 (840 000) 1280 000 (80 000) 1 200 000 (320 000) 880 000 2021 (R) 2020 (R) 3 740 000 2 940 000 3 440 000 2 940 000 300 000 ( Current assets Accounts receivable 510 000 320 000 Cash and cash equivalents 90 000 80 000 Tolal assels 4820 000 3 840 000 EQUITY AND LIABILITIES Equity 3 120 000 2 600 000 Ordinary share capital 2 000 000 2 000 000 Retained earnings 1 120 000 600 000 Non-current liabilities 800 000 400 000 Long-term loan 800 000 400 000 Current liabilities 900 000 840 000 Accounts payable 480 000 560 000 Company tax payable 160 000 80 000 Dividends payable 260 000 200 000 Total equity and liabilities 4 820 000 3 840 000 All purchases of inventories are on credit. The selling and administrative expenses be deprecation of Property, plant and equipment were purchased during the year but there were no disposals. The total dividends for the year ended 31 December 2021 amounted to R350 000. The issued share capital consisted of 100 000 ordinary shares. The market price of the shares on 31 December ZUZT was R35. Question 5 Use the information provided in QUESTION 4 to answer the following questions 5.1 5.1.1 Calculate the following ratios for 2021 only. Express the answers to two decimal places. Inventory turnover (2 marks) 5.1.2 Creditors payment period (2 marks) 5.1.3 Return on equity (2 marks) 5.14 (2marks) 5.1.5 Price/Earings ratio 5.1.6 Acid test ratio (2 marks) (2 marks) 5.17 Dividend yield 2marks) 5.2 Comment briefly but meaningfully on the following ratios (comparative figures are provided in 5.2.1 Gross margin (2021: 51.21%; 2020 : 60.45 %) (2 marks) 5.2.2 Current ratio (2021: 1.20-1:2020: 107:11 (2 marks) 5.2.3 Return on assets (2021 : 25.56% 2020 : 30.42%) (2 marks)