Where applicable, round off Use the information provided below to calculate the following ratios. Where apr QUESTION 3 REQUIRED 3.1 Use the information provi answers to two decimal places. 3.1.1 Gross profit margin 3.1.2 Operating profit margin 3.1.3 Inventory turnover period 3.1.4 Trade receivables period 3.1.5 Trade payables period 3.1.6 Current ratio 3.1.7 Acid test ratio 3.1.8 Return on capital employed 3.2 3.3 Comment on the control of debtors by Saturn Limited. Suggest TWO (2) ways in which Saturn Limited can improve its operating profit margin. INFORMATION Excerpts of financial data of Saturn Limited for 2019 are as follows: STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2019 R 2 600 000 1 400 000 600 000 40000 560 000 Cost of sales Gross profit Operating profit Interest expense Profit before tax Tax (30%) 2019 2018 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: ASSETS Non-current assets Inventories Accounts receivable 780 000 500 000 240 000 1 520 000 600 000 451 000 199000 1 250 000 EQUITY AND LIABILITIES Equity Long-term loan Accounts payable Bank overdraft 960 000 340 000 180 000 40 000 800 000 380 000 60 000 10 000 1 250 000 1 520 000 Additional information 1. The ratio of credit sales to cash sales is 3:1 respectively. 2. Purchases on credit amounted to R1 324 500 for the year ended 31 December 2019, 3. Credit terms to debtors are 30 days