Additional information:

1. All purchases and sales of inventories are on credit.

2. Inventories amounted to R600 000 on 31 December 2020.

3. The ordinary shares were all issued at R4 each.

4. Credit terms to debtors are 30 days.

Answer the questions from the information provided.

3.1.3 The number of times the company has sold and replenished its inventory during the year. (2 marks)

3.1.4 The portion of the company's profit allocated to each outstanding ordinary share. (2 marks)

\begin{tabular}{|l|r|} \hline FINCH LIMITED & \multicolumn{2}{l|}{} \\ \hline STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 2021 & R \\ \hline & 2400000 \\ \hline Sales & 1500000 \\ \hline Cost of sales & 540000 \\ \hline Operating profit & 60000 \\ \hline Interest expense & 480000 \\ \hline Profit before tax & 336000 \\ \hline Profit after tax & \\ \hline FINCH LIMITED & R \\ \hline STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 & 2850000 \\ \hline Assets & 915000 \\ \hline Non-current assets & 360000 \\ \hline Inventories & 690000 \\ \hline Accounts receivable & 4815000 \\ \hline Cash and cash equivalents & 3000000 \\ \hline Total assets & \\ \hline Equity and liabilities & \\ \hline Ordinary share capital & \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Retained earnings & 705000 \\ \hline Non-current liabilities & 600000 \\ \hline Current liabilities (Accounts payable only) & 510000 \\ \hline Total equity and liabilities & 4815000 \\ \hline \end{tabular}