1. Compute the following financial ratio for the fiscal year: Inventory turnover. Please refer to the formula you have learned from this textbook. [Round to two decimal places.]

Cost of sales Average inventory Revenue Cost of sales Gross profit Other income Sales and marketing expenses Occupancy expenses Administration expenses Other expenses Finance costs Profit before tax Income tax expense Profit for the year attributable to Owners of the Company Earnings per share Basic (cents per share) Diluted (cents per share) 5 6 7 3 w wo 3 8,916.1 (6,938.9) 1,977.2 2.9 (845.8) (293.6) (41.3) (54.7) (24.7) 720.0 (213.9) 506.1 Cents 440.75 437.83 7,918.9 (6,224.8) 1,694.1 3.6 (809.8) (313.1) (41.7) (48.7) (36.4) 448.0 (145.7) 302.3 Cents 263.11 260.69 8 INVENTORIES Finished goods 938.8 739.3 (a) Recognition and measurement Inventories are stated at the lower of cost and net realisable value. Costs are assigned to individual items of inventory on the basis of weighted average costs. Costs of inventories are determined after deducting rebates and discounts. Net realisable value represents the estimated selling price less estimated costs necessary to make the sale. When determining the net realisable value of inventories (which is most applicable to obsolete, end of life and slow moving inventory), the Group uses its judgement to determine the expected selling price and the estimated costs necessary to make the sale considering the nature of the inventories. Determining the expected selling price requires the use of management judgement. The key assumptions and variables affecting the expected selling price are reviewed at least annually. As the inventories held by the Group are all finished goods, the estimated costs necessary to make the sale typically relate to staff commissions. Such costs are not considered material to the estimation of net realisable value. Any change in the measurement of net realisable value in a particular year will affect the cost of goods sold