Question: please answer everything , thank you. will rate you positively This is the summary sets of financial statements for Low Enterprise: Low Enterprise Income Statement

 please answer everything , thank you. will rate you positively This

please answer everything , thank you. will rate you positively

This is the summary sets of financial statements for Low Enterprise: Low Enterprise Income Statement for Year ended 31 December 2019 RM 000 RM WON Sales revenue 3,600 Cost of sales Opening inventories 320 Purchases 2.240 2.560 Closing inventories (400) 2,160 Gross profit 1.440 Expenses (1.360) Profit for the year 80 Statement of Financial Position as at 31 December 2019 RM 1000 ASSETS Non-current assets 1,900 Current assets Inventories 400 Trade receivables 750 Bank 8 1.158 Total assets 3,058 EQUITY AND LIABILITIES Equity Fully paid RM 1 ordinary shares 1.650 Retained earnings 1,018 2.668 Current liabilities Trade payables 390 Total equity and liabilities 3.058 The Finance Manager is having concern regarding the inventories and trade receivables levels. Calculate the following ratios for 2019: : 0 Inventory turnover period (3 marks) (1) Average settlement period for trade receivables (3 marks) This question paper consists of 5 questions on 6 printed pages. BTBE2043 ACCOUNTING AND FINANCIAL MANAGEMENT SECTION B: Answer only one question (Cont'd) : Question 4 (Contd) (m) Average settlement period for trade payables (3 marks) b) Calculate the cash operating cycle periods for 2019 with workings (6 marks) 6 c) Briefly explain the ways that the company can improve its cash operating cycle. 40 marks) [Total: 25 marks

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