B. Partnership Section B: 10 marks Assume you have a portfolio investment comprised of 70% in Madina Oil Company (%) and 30% in Adenta Textiles Ltd (Y). The expected returns on the investments are linked to the state of the economy as forecasted below. Likely state of the Probability of Return on company occurrence (Pi) company X (Rx) Y (Ry) Return on economy 3% Boom 0.3 20% 35% Normal 0.4 10% 0.3 0% -5% Bust Required i) Calculate the return and risk levels of each of the companies (5 marks each) ii) Calculate the covariance returns of the companies (1 mark) iii) Calculate the return and risk level of the portfolio X/Y (4 marks) (Total 10 marks) Onl: Calculate the project's Net Present Value (NPV) A. GH16.88 C GH 3 900 B. GH15.88 D. GH.16.80 Answer questions 12, 13 and 14 with the following information: The financial statements of a firm contains the following extracted accounting data: Inventory GH 3,000; Cost of goods sold GH425,000: Sales GH300,000: NJC Receivables GH2,000; Current liabilities GHE 100,000, Long-term liabilities GH40.000 Total equity GH60,000; Current assets GH60,000 and Fixed assets GH_140,000 Q12. What is the company's turnover ratio? A. 8.53 times B. 8.33 times C. 9.43 times D. 9.34 times Q13. What is the company's turnover in days? A. 42.5 days B. 41.8 days C. 43.8 days D. 42.8 days Q14. Calculate the company's total assets turnover ratio A. 1.4 times C. 1.8 times B. 1.6 times D. 1.5 times Q15. Which of the following ratios are short-term creditors particularly interesting in? A. Liquidity Ratios C. Profitability Ratios B. Leverage Ratios D. Activity Ratios Q16. The financial market designed for sourcing short-term financing is known as: C. Bond market A. Equity market B. Capital market D. Money market Q17. Which of the following markets does the Securities and Exchange Commission (SEC) regulates? A. Equity market C. Money market B. Capital market D. Bond market