QUESTION 1 The following data are taken from the financial statements: Sales Cost of goods sold Average inventory Inventory, end of year 2019 RM3,600,000 2,000,000 372,000 372,000 2020 RM4,000,000 2,700,000 352,000 347,000 a) Determine for each year the inventory turnover, round answer to one decimal place. ii. the number of days for sales in inventory (Round intermediate calculations to two decimal places) QUESTION 2 The following information was taken from the financial statement of Fine Resources for December 31 of the current fiscal year: Ordinary shares, RM20 par value (no change during the year) Preferred 10% stock, RM40 par (no change during the year) RM5,000,000 2,000,000 The net income was RM600,000, and the declared dividends on the ordinary shares were RM125,000 for the current year. The market price of the ordinary shares is RM20 per share. Required: Calculate for the ordinary shares related to: (a) earnings per share (b) the price-earnings ratio (c) the dividends per share and the dividend yield 600 OBO 000