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Question 1 You are given the following information: Bujang Lapok Berhad selected financial data 31 December 2020 Industry Average RM Sales 2,250,000 Inventory Turnover 2x

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Question 1 You are given the following information: Bujang Lapok Berhad selected financial data 31 December 2020 Industry Average RM Sales 2,250,000 Inventory Turnover 2x Cost of Goods Sold 1,425,000 Total Assets Turnover 5x Inventories 350,000 Total Current Assets 95,000 Total Non-Current Assets 900,000 From the above information you are required to: a. Compute the following ratios for Bujang Lapok Berhad: Inventory Turnover ii. Total Assets Turnover (4 Marks) b. Based on your calculation in part (a), compared the performance of Bujang Lapok Berhad to the given industry average. Interpret your findings. (6 Marks) (Total: 10 Marks)

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