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Examine the information provided below and answer the following questions. INFORMATION

Neoplan Enterprises, a manufacturer of fast$-$moving consumer goods $($FMCG$),$ concluded the $2022$ financial year with the acquisition of a state$-$of$-$the$-$art plant in alignment with its newly adopted differentiation strategy. To bolster this strategic direction, Neoplan$$s management has committed to conducting a comprehensive semi$-$annual review of the business performance, aiming for continuous improvement in organisational outcomes.

The following data has been extracted from the financial records of Neoplan Enterprises for the first and second halves of the $2023$ financial year with the intention of analysing its financial results:

Second half of

$2023$ First half of

$2023$

R R

Revenue $50000004550000$

Gross profit $27500002420000$

Operating profit $20000001700000$

Non$-$current assets $80000007500000$

Inventory $500000580000$

Trade and other receivables $1000000960000$

Cash at bank $70000115000$

Non$-$current liabilities $86000007200000$

Trade and other payables $10000001300000$

Other current liabilities $790000560000$

Additional Information:

Inventory for the second half of $2022$ amounted to R$520000.$

Trade and other payable for the second half of $2022$ amounted to R$1200000.$ All purchases were on credit.

REQUIRED:

Calculate the following ratios for the first and second halves of $2023$ for Neoplan Enterprises $($round off answers to two decimal places. Assume $176$ working days in each half of $2023.$

$1\mathrm{.}1.$ Operating margin $(2)$

$1\mathrm{.}2.$ Return on capital employed $(2)$

$1\mathrm{.}3.$ Total asset turnover $(2)$

$1\mathrm{.}4.$ Acid test ratio $(2)$

$1\mathrm{.}5.$ Creditor payment period $($use average trade and other payables$).$ Purchases is calculated as:

Purchase $=$ Cost of sales $+$ closing inventory $$ opening inventory. $(2)$

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