Income statement	Current year	Last year
Revenue	2,000.00	1,856.0
COGS	-1,150.0	-1,089.0
Gross profit	850.0	767.0
SG&A	-269.0	-243.0
Add back depreciation	80.0	74.2
Reverse expectation	28.0	-12.0
EBITDA	689.0	586.2
Deduct deprecation	-80.0	-74.2
EBIT	609.0	512.0
Add back deprecation	-28.0	12.0
Opening profit	581.0	524.0
Interest	-82.0	-76.0
Pre- tax profit	499.0	448.0
Tax	-99.0	-89.6
Profit for the year (Net profit)	399.2	358.04

Balance statement	Current year	Last year
Cash	100.00	92.8
Receivable	250.0	220.0
Investment	150.0	135.0
Other current assets	50.0	46.4
Total current assets	550.0	494.2
Property, plant, and equipment	1,640.0	1,520.0
Intangible assets	10.0	75.8
Total non-current assets	1,650.0	1,595.8
Total assets	2,200.0	2,090.0
Payables	120.0	105.0
Short-term debt	55.0	50.0
Current portion of long-term debt	50.0	125.0
Other current liabilities	24.0	21.0
Total current liabilities	249.0	301.0
long-term debt	275.0	210.0
Total non-current liabilities	275.0	210.0
Total liabilities	524.0	511.0
Total equity	1,676.0	1,579.0
Total liabilities and equity	2,200.0	2,090.0
Return on Equity	23.8%	22.7%
Receivable days	45.6 days	43.3 days
Inventory days	47.6 days	45.2 days
Payables days	38.1 days	35.2 days
Net operating working capital	280.0	400.0
Return on assets	18.1%	17.1%
Net margin	20.0%	19.3%
Asset turn	0.91x	0.89x
Gearing (total debt\ total assets)	28.1%	32.5%

1. How much did the company invest in new property, plant and equipment in the current year?
   1. 40.0
   2. 120.0
   3. 190.0
   4. 200.0

2. During the current year, what was the change in the level of overall long-term debt owed by the company borrow or repay? Overall long-term debt:
   1. Increased by55
   2. Increased by 65.
   3. Reduced by 10.
   4. Reduced by 75.

3. What was the company's cash conversion cycle (CCC) for last year and for the current year?
   1. Last year's CCC was 33.2 days; the current year's CCC was 36.1 days.
   2. Last year's CCC was 37.2 days; the current year's CCC was 40.1 days.
   3. Last year's CCC was 53.3 days; the current year's CCC was 55.1 days.
   4. Last year's CCC was 123.7 days; the current year's CCC was 131.3 days.
4. The change in which of the following from last year has made a positive contribution to the companys overall working capital requirements?
   1. Depreciation days.
   2. Inventory days.
   3. Payable days.
   4. Receivables days.
5. Which of the following figures provided the company this year is below the line?
   1. 10.0 intangible assets.
   2. 99.8 tax.
   3. 230.0nreceivables.
   4. 1,150 COGS.