Zhang Company's financial records reveal the following at 30 June 2019.

Net sales	$225 000
Cost of sales	$94 000
Ending inventory	$37 000
Beginning inventory	$22 000

Zhang Company proposes to improve control of inventory and to reduce days inventory levels by five days. If this is achieved, calculate how many times inventory would be turned over per annum. Estimate by how much the average inventory would need to be reduced.

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Match each of the following item with the appropriate category of cash flows.

Cash receipts from customers

Choose... Cash flows from operating activities/ Cash flows from investing activities/Cash flows from financing activities

Proceeds from sale of property plant & equipment

Choose... Cash flows from operating activities/ Cash flows from investing activities/ Cash flows from financing activities

Repayment of borrowings

Choose... Cash flows from operating activities/ Cash flows from investing activities/ Cash flows from financing activities

Income taxes paid

Choose... Cash flows from operating activities/ Cash flows from investing activities/ Cash flows from financing activities