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Use the information provided in QUESTION 4 to answer the following questions: 5.1 Calculate the following ratios (expressed to two decimal places) for 2022 only.

Use the information provided in QUESTION 4 to answer the following questions: 5.1 Calculate the following ratios (expressed to two decimal places) for 2022 only. Note: Use formulas provided in the formula sheet only (that appear after QUESTION 5). 5.1.1 Gross margin (2 marks) 5.1.2 Dividend per share (2 marks) 5.1.3 Return on assets (2 marks) 5.1.4 Current ratio (2 marks) 5.1.5 Acid test ratio (2 marks) 5.1.6 Debt to equity (2 marks) 5.1.7 Creditor payment period (2 marks) 5.2 Comment on the following ratios: 2022 2021 5.2.1 Inventory turnover 3.10 times 6.35 times (2 marks) 5.2.2 Debtors collection period 56.41 days 29.45 days (2 marks) 5.2.3 Return on equity 13.11% 18.80% (2 marks)

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