5 The financial consultant stated that their business is experiencing a loss. Verify, showing all calculations if the statement is valid. 1.6 David and Andiswa share the profit of their business in the ratio of 2:3 respectively. Calculate how much each one of them received during this period.

Step 1: Calculate the net profit or loss for the business. To determine if the business is experiencing a loss, we need to calculate the net profit or loss by subtracting the total expenditure from the total income. From previous calculations: Total Income (A) = R417 420 (from 1.1.2) Total Expenditure = R284 117 (given in the income statement) Net Profit/Loss = Total Income - Total Expenditure Net Profit/Loss = 417\,420 - 284\,117 Net Profit/Loss = 133\,303 Since the result is a positive value, the business made a profit. 1.1.5) The statement that the business is experiencing a loss is invalid. The business made a profit of R133 303. Step 2: Calculate David's and Andiswa's share of the profit. The total profit is R133 303. The profit is shared between David and Andiswa in the ratio 2:3. The total number of ratio parts is 2 + 3 = 5. Calculate David's share: David's Share = (2)/(5) × Total Profit David's Share = (2)/(5) × 133\,303 David's Share = 53\,321.20 Calculate Andiswa's share: Andiswa's Share = (3)/(5) × Total Profit Andiswa's Share = (3)/(5) × 133\,303 Andiswa's Share = 79\,981.80 1.1.6) David received R53 321.20 and Andiswa received R79 981.80. 3 done, 2 left today. You're making progress.