Question 4 (A) The following are the financial statements of Zeta Enterprise for the year ended 31 October 2021: Statement of Profit or Loss for the year ended 31 October 2021 RM 550,000 (350,000) 200,000 RM Sales Less: Cost Of Goods Sold Opening Inventories 200,000 Purchases 300,000 500,000 Less: Closing Inventories (150,000) Gross Profit Less: Expenditure General Expenses 30,000 Depreciation 50,000 Wages and Salaries 50,000 Net Profit Statement of Financial Position as at 31 October 2021 RM Non-current Assets Machinery (130,000) 70,000 RM 150,000 150,000 50,000 130,000 Current Assets Inventories Trade Receivables Cash Total Assets Shareholder's Equity Capital Add: Net Profit 330,000 480,000 200,000 70,000 270,000 120.000 Non-Current Liabilities Long Term Loan Current Liabilities Trade Payables Bank Overdraft Total Owner's Equity and Liabilities 60,000 30,000 90,000 480,000 Question 4 (Continued) Required: Calculate the following ratios for Zeta Enterprise: (a) Net Profit Margin: (b) Quick Ratio: (c) Inventories Turnover in times; (d) Trade Receivable Turnover Days: (e) Trade Payable Tumover Days. (3 marks) (3 marks) (3 marks) (3 marks) (3 marks) (B) Explain the following accounting concepts: Consistency Concept (b) Historical Cost Concept: (c) Going Concern Concept Prudence Concept (e) Accrual Concept (2 marks) (2 marks) (2 marks) (2 marks) (2 marks) [Total: 25 marks)