MSX TODAY > INDICES PERFORMANCE > TOP GAINERS TOP LOSERS MOST ACTIVE BY VOLUME MOST ACTIVE BY TURNOVER MSX30 FINANCIAL INDUSTRY SERVICES SHARIAH MSXTR COMPANY PRICE PRICE CHG (%) Apr 21, 2021 10:22 PM 3,696.630 0.810% (29.678) AL MADINA INV. 0.023 + 0.002 9.52% OMAN EMIRATES HO. 0.046 + 0.004 9.52% GONE UP 13 GONE DOWN 2 UNCHANGED 13 OMAN INVST& FIN. 0.092 + 0.006 6.98% ALUMINIUM PROD. 0.115 0.007 6.48% TURNOVER 3,023,124.252 VOLUME 23,218,238 GALFAR ENGINEER. 0.051 0.002 4.08% JAZEERA STEEL PROD 0.286 0.011 4.00% TRADES 945 SEC TRADES 28 AL SHARQIA INV. 0.083 + 0.003 3.75% ALANWAR INVESTMENT 0.089 + 0.003 3.49% Instructions Refer to company's financial statements and the accompanying NOTES to answer the following questions. 1. How does company value its inventories? Which inventory costing method does this company use as a basis for reporting its inventories? (2 Marks) 2. How does this company report its inventories in the statement of financial position (Balance Sheet)? In the notes to its financial statements, what three descriptions are used to classify its inventories? (2 Marks) 3. What costs does this company include in Inventory and Cost of Sales? (2 Marks) 4. What was inventory turnover ratio in the year? What is its gross profit percentage? Evaluate company's inventory turnover ratio and its gross profit percentage. (2 Marks) MSX TODAY > INDICES PERFORMANCE > TOP GAINERS TOP LOSERS MOST ACTIVE BY VOLUME MOST ACTIVE BY TURNOVER MSX30 FINANCIAL INDUSTRY SERVICES SHARIAH MSXTR COMPANY PRICE PRICE CHG (%) Apr 21, 2021 10:22 PM 3,696.630 0.810% (29.678) AL MADINA INV. 0.023 + 0.002 9.52% OMAN EMIRATES HO. 0.046 + 0.004 9.52% GONE UP 13 GONE DOWN 2 UNCHANGED 13 OMAN INVST& FIN. 0.092 + 0.006 6.98% ALUMINIUM PROD. 0.115 0.007 6.48% TURNOVER 3,023,124.252 VOLUME 23,218,238 GALFAR ENGINEER. 0.051 0.002 4.08% JAZEERA STEEL PROD 0.286 0.011 4.00% TRADES 945 SEC TRADES 28 AL SHARQIA INV. 0.083 + 0.003 3.75% ALANWAR INVESTMENT 0.089 + 0.003 3.49% Instructions Refer to company's financial statements and the accompanying NOTES to answer the following questions. 1. How does company value its inventories? Which inventory costing method does this company use as a basis for reporting its inventories? (2 Marks) 2. How does this company report its inventories in the statement of financial position (Balance Sheet)? In the notes to its financial statements, what three descriptions are used to classify its inventories? (2 Marks) 3. What costs does this company include in Inventory and Cost of Sales? (2 Marks) 4. What was inventory turnover ratio in the year? What is its gross profit percentage? Evaluate company's inventory turnover ratio and its gross profit percentage. (2 Marks)
