Revelant financial information was extracted from the financial records of Mampuru Limited and presented to you in order to assist in the calculation and analysis of financial ratios for the business as at 28 February 2023, the end of the fiancial year.

1. Trade payables 2023 R3900 2022 R33800 2. Trade receivables 2023 R67900 2022 R56200 3. Other financial liabilities 2023 R188200 2023 R213100 4. Other financial assets 2023 R159500 2022 R153300 5. Inventory 2023 R92400 2023 R27500

Additional information:

1. Ratios reported in year ended 28 February 2022 were as follows: A. Trade receivables collection period: 88.5 days B. Trade payables payment period: 65.2 days C. Inventory turnover rate: 3.8 times

2. The gross profit percentage is 20% on sales. 3. Purchases for the year amlunted to R322000 and 66% thereof were on credit. 4. Only 22% of the total sales were cash sales.

1. Relative to the previous financial year, which of the following alternatives represents the correct analysis of the trade payables payment period of Mampuru Limited for year 20237

a. The company took longer to pay the supplier invoices compared to the previous year.

b. The time (in days) that a company took to pay its supplier invoices to its trade creditors improved relative to the preous year.

c. The time (in days) that a company took to pay its supplier invoices (trade creditors) remained the same relative to the previous year.

d. The time (in days) that a company took to pay its supplier invoices (trade creditors) deteriorated relative to the previous year.

Q1: Which of the following alternatives represents the correct trade receivables collection period of Mampuru Limited for year 2023?

a. 90.35

b. 90.53

c. 70.34

d. 70.74

e. 70.47

Q2: QUESTION 2 Relative to the previous financial year, which of the following alternatives represents the correct analysis of the trade receivables collection period of Mampuru Limited for year 2023?

a. The average collection period to collect its outstanding invoices remained constant during the current financial year.

b. The company's customers paid their invoices quicker compared to the previous year.

Q3: Which of the following alternatives represents the correct trade payables payment period of Mampuru Limited for year 2023?

a. 90.35

b. 41.26

C. 62.52

d. 62.25

e. 41.62

Q4: Relative to the previous financial year, which of the following alternatives represents the correct analysis of the trade payables payment period of Mampuru Limited for year 2023?

a. The company took longer to pay the supplier invoices compared to the previous year.

b. The time (in days) that a company took to pay its supplier invoices to its trade creditors improved relative to the previous year.

c. The time (in days) that a company took to pay its supplier invoices (trade creditors) remained the same relative to the previous year.

d. The time (in days) that a company took to pay its supplier invoices (trade creditors) deteriorated relative to the previous year.

c. The company's customers took longer to pay their invoices compared to the previous year.

d. The average collection period to collect its outstanding invoices improved during the current financial year.

Q5: Which of the following alternatives represents the correct inventory turnover rate of Mampuru Limited for year 2023?

a. 5.29

b. 4.29

C. 4.92

d. 5.92

e. 7.48