Part 1

The following data is extracted from income statement of Equation Sdn. Bhd.

2013 (RM)	2012 (RM)
Net sales	6,420,000	6,420,000
Opening inventory	980,000	860,000
Purchases	4,440,000	4,661,000
Closing inventory	1,020,000	980,000

By using the information above, calculate the

(i) Inventory turnover for the year 2012

(ii) Inventory turnover for the year 2013

Part 2

The following is the comparative financial information for Division Sdn. Bhd.s balance sheets

31 December 2013 (RM)	31 December 2012 (RM)
Net sales	800,000	720,000
Cost of sales	480,000	40,000
Interest expenses	7,000	5,000
Net revenue	64,000	42,000
Accounts receivables	120,000	100,000
Inventory	85,000	75,000
Total asset	600,000	500,000
Total owner equity	450,000	310,000

You are required to calculate the following ratios for year 2013

(i) Asset turnover

(ii) Return on asset

(iii) Return on owner equity