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Tuli Ltds Statement of Financial Position for 2023 and 2022 financial years are presented below: Assets 2023 2022 Non-current Assets 5 000 000 4 700 000 Inventory 600 000 700 000 Receivables 300 000 320 000 Cash 300 000 100 000 6 200 000 5 820 000 Equity and Liabilities 2023 2022 Share Capital (R2 shares) 2 400 000 2 200 000 Share Premium 600 000 200 000 Retained Income 550 000 400 000 Long term Debt 2 000 000 2 100 000 Payables 650 000 920 000 6 200 000 5 820 000 Additional information: 1. Shares are currently trading at R3.20 per share. 2. Replacement cost of assets is R6 000 000. 3 Their abbreviated Statement of Comprehensive Income for the year ended 2023 is presented below: Sales (75% on credit) 2 000 000 Cost of sales (all purchases on credit) 850 000 Depreciation 80 000 Interest expense 90 000 Tax (30%) 160 000 Net Income after tax 300 000 Dividends 150 000 Retained Income 150 000 Required: 3.1 Calculate the current ratio for 2023 and comment. (The ratio for 2022 was 1.22:1) (4) 3.2 Calculate the debtors collection period for the current year. Note: Debtors terms: 60 days net. The ratio for 2022 was 66 days. (4) 3.3 Calculate the following ratios for 2023: 3.3.1 Earnings per share (4) 3.3.2 Dividends per share. Would shareholders be happy with this dividend? Explain. (4) 3.4 Calculate the Market to Book Ratio and explain the relevance of this ratio to decision makers. (4) 3.5 Calculate the Price Earnings ratio for 2023 and explain the significance of this ratio

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