Question 1

RM Turnover 180,000 Average Inventory 50,000 Gross Profit 15,000 Expenses 10,000 Non-current assets 120,000 Closing inventory 15,000 Account receivable 6,000 Bank 4,000 Current liabilities 20,000 Capital (after drawings of RM5000) 125,000

Calculate the following and interpret the answer: (a) (b) Inventory turnover ratio (c) Average collection period (d) Gross profit as a percentage of sales (e) Net profit as a percentage of a sales (f) Return on investment

(g) Current ratio (h) Acid test ratio

Question 2 Find: (a) 17/20 as a percentage, (b) 80% as a fraction, (c) 35% as a decimal, (d) 40% of 120, (e) 36 as a percentage of 80, (f) if the price of a $25 book rises by 10%, what is its new price?

Question 3 Calculate Price Index Number for 2016 from the following data by simple aggregate method, taking 2016 as base year.

commodities price per kg

Apple 2015 2016

140

40

130

50

100

30

120

40

orange

pomegranate

guava