(35 MARKS QUESTION TWO This Question consists of two INDEPENDENT PARTS, namely - Part A and B. Part A Mapula Lid sells consumer goods and provided you with the information below. 121 MARKS] Total sales Statement of Profitar Loss for the year ended 30 Apr 2022 2021 2022 ROD ROO Cash Sales 30 000 32 000 Credit Sale 270000 342.000 300 000 374 000 Lens Case of goods to 293 000) 64000 78 000 149.000 Sow con 13 000 14000 10 000 Administrative 19000 19000 Selling 11 000 14 000 re on Debenture 2000 Net Prof 17000 (200 000 Grossrolt Expert 159000 6000 15.000 31 Page 2032 CMA2021 ASSESSMENT OPPORTUNITY 2 ONLINE Statement of Financial Position for the year anded 20 April 2012 2021 2022 R300 R 100 Non-current 30 000 40 000 Current 120 000 163000 Debtor 50 000 82000 Cash 10 000 7000 Inventory 50 000 94000 Current liabilities Creditor 50 000 76 000 Total equly 100 000 147 000 Additional information: Total equity represented by R900 R1000 Share capital 75 000 75 000 Retained aminos 25 000 42000 Debeures 30 000 100 000 147 000 REQUIRED a) Calove the following ratios for 2024 and 2002 Gross Profit Ratio it Operating Expenses to Sales Ratio Operating Prolt Ratio Asset Turnover Ratio V Inventory Turnover Ratio VI Receivables Collection Period and VII. Prat Ratio EEEEEEEE COMICO Ce work and presentation b) Identify and briefly explain three common working capital management policies, applied in practice [6] 41 Page CMAB021 ASSESSMENT OPPORTUNITY 2 ONLINE 2022 Part B [14 MARKS] Benzema (Pty) Ltd produces bicycles. It produces an average of 450 bicycles a month. It buys the tires for bicycles from a supplier at a cost of R20 per tire. The company's inventory carrying cost is estimated to be 15% of cost and the ordering is R50 per order. REQUIRED Calculate the following: I. EOQ. II. Number of orders per year. III. Average annual ordering cost. IV. Average annual holding cost. V. Total inventory cost. (4) [2] [2] [4] (2)