< 09:27 AF1101 Introductory Financial Accou... Page 3 of 11 Question 5 You are provided with the following information regarding a company with a 30th Sept 2020 year-end: . The company incurred an expense of 8,600 in relation to insurance for the year ending 30th September 2020. . The SOFP as at 30th Sept 2020, has a prepayment in relation to insurance of 3,500. . The company paid 10,200 in relation to insurance during the year ending 30th September 2020. How much did the company prepay for insurance during the year ending 30th September 2019? Question 6 You are provided with the following information: Sales Net Asset Turnover Cost of goods sold Operating expenses Interest expense (a) Compute the Operating profit margin (b) Compute the Return on Capital Employed (ROCE) Question 7 345,000 2.4 times 180,000 117,000 23,000 (4 marks) (2 marks) (3 marks) At the beginning of the financial year, a sole trader business had total equity of 45,600 and by the end of the year, this had risen to 53,500. During the year, the sole trader owner withdrew 18,400 in cash for her personal expenses and introduced her car into the business, which was valued at 7,300. Compute the profit or loss made by this business during the year. If the amount is profit put a (+) in front of it; otherwise, if it is a loss put a (-) in front of it. Page 4 of 11 Question 8 SOFP extracts for a business can be found below: (4 marks)