Question: Hi tutor. I'm having trouble to solve this question. I need expert tutor help me on this. Subject: Business accounting Question 2 a) The following

Hi tutor. I'm having trouble to solve this question. I need expert tutor help me on this. Subject: Business accounting

Question 2 a) The following amounts have been extracted from the accounts of Ventura Sdn Bhd for the year ended 31 December 2020: RM *000 Sales (all credit) 860 Inventory at 1 January 2020 100 Purchases all on credit 625 Inventory on at 31" December 2020 76 Account receivable 120 Prepaid expenses 8 Cash in hand 12 Bank overdraft 16 Accounts payable 80 Short - term loans 6 Calculate and show your workings: i. What is the gross profit margin of Ventura Sdn Bhd for 2020? ii. What is the inventory turnover period (days) of Ventura Sdn Bhd for 2020? iii. What is the current assets ratio of Ventura Sdn Bhd at 31 December 2020? iv. What is the acid test ratio of Ventura Sdn Bhd at 31 December 2020? (12 marks)

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