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REQUIRED (20 Marks) 2.1 Comment on the financial result of the company. (2 marks) 22. Is the comnany efficient in its collentinn of dahts arising from cranit sales? Mntivate ynur answer by using an appropriate ratio. (3 marks) 2.3 Will creditors allow credit under distress business conditions to Silverstone Limited? Expiain your answer witi the reievant ratio. (s mariss) 2.4 Would the sharehoiders be happy with the profitability of the company? Use an ii maric: 2.5 Calculate the ratio for 2021 that reflects how the stock market is judging the company's earnings performance and prospects. (4 marks) 2.6 Explain the impact on the cost of sales in the statement of comprehensive income if LiFO rather than FIFO method of valuing inventories is used during periods of rising prices. (4 marks) INFORMATION for 2021 and 2020 are as foliows: Statement of Comprehensive Income for the year ended 31 December: All purchases and sales of inventories are on credit. = The crodit torms to dohtors are 30 days. There were 2000000 shares in issue during 2021. The market price per share was R5.50 on 31 December 2021. REQUIRED (20 Marks) 2.1 Comment on the financial result of the company. (2 marks) 22. Is the comnany efficient in its collentinn of dahts arising from cranit sales? Mntivate ynur answer by using an appropriate ratio. (3 marks) 2.3 Will creditors allow credit under distress business conditions to Silverstone Limited? Expiain your answer witi the reievant ratio. (s mariss) 2.4 Would the sharehoiders be happy with the profitability of the company? Use an ii maric: 2.5 Calculate the ratio for 2021 that reflects how the stock market is judging the company's earnings performance and prospects. (4 marks) 2.6 Explain the impact on the cost of sales in the statement of comprehensive income if LiFO rather than FIFO method of valuing inventories is used during periods of rising prices. (4 marks) INFORMATION for 2021 and 2020 are as foliows: Statement of Comprehensive Income for the year ended 31 December: All purchases and sales of inventories are on credit. = The crodit torms to dohtors are 30 days. There were 2000000 shares in issue during 2021. The market price per share was R5.50 on 31 December 2021

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