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QUESTION TWO The following financial statements relate to Angel Limited for the year
ending 30 June 2022: Statement of Comprehensive Income for the year ended 30 June 2022
Statement of Financial Position as at 30 June 2022 Note: Inventory on 1 July 2021 amounted to
R4 000000. You are required to calculate the following ratios (where applicable round off
answers correctly to two decimal places): 2.1 Gross margin 2.2 Inventory turnover 2.3 Debtors
collection period 2.4 Return on own capital 2.5 Acid test ratio

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  • 1. QUESTION TWO The following financial statements relate to Angel Limited for the year ending 30 June 2022: Statement of Comprehensive Income for the year ended 30 June 2022 Statement of Financial Position as at 30 June 2022 Note: Inventory on 1 July 2021 amounted to R4 000000. You are required to calculate the following ratios (where applicable round off answers correctly to two decimal places): 2.1 Gross margin 2.2 Inventory turnover 2.3 Debtors collection period 2.4 Return on own capital 2.5 Acid test ratio