JUST THE ANSWERS NO EXPLANATION. ANSWERS MUST BE RIGHT

20. The summarized statement of financial position for Fossil Bhd as follow:

Current assets RM45,000

Non-current Assets RM25,000

Total Assets RM70,000

Current Liability RM20,000

Non-current Liability RM35,000

Equity RM15,000

Total Liability & Equity RM70,000

Identify the working capital approach applied by Fossil Bhd.

Select one:

a. Conservative Approach

b. Aggresive Approach

c. Hedging Approach

d. None of the above

22.

An inventory turnover ratio of 3.5 compared to an industry average of 4.5 indicates that

Select one:

a. The firm keeps lesser inventories causing their average to be lower than the industrys

b. The firm is investing more into inventory in terms of per dollar of sales than the industry average

c. The firm has sales that are lower than the industry average

d. The firm is more efficient in selling its good

3.

Bentara Bhd
Statement of Financial Position for 2018
(RM in millions)
Current assets		Current Liabilities
Cash	98	Account payable	344
Account Receivables	188	Notes payable	196
Inventory	422
		Long term debt	457
Fixed assets
Net plant and equipment	2,880	Common stock	550
		Retained earnings	2,041
Total Assets	3,588	Total liabilities and owner's equity	3,588

Bentara Bhd
Statement of Profit and Loss for 2018
(RM in millions)
Sales	2,311
Cost of goods sold	1,344
Depreciation	276
Earnings before interest and taxes	691
Interest paid	141
Earnings before taxes	550
Taxes (34%)	187
Net income	363

Based on the financial statement, calculate the return on assets.

Select one:

a. 11%

b. 12%

c. 13%

d. 10%

39.

Which of the following industries has the lowest average inventory ratio?

Select one:

a. Sports equipment

b. Automobile dealerships

c. Supermarkets

d. Real-estate companies