SECTION B: QUANTITATIVE AND ANALYSIS QUESTION [40 MARKS] Instruction: This section consists of only ONE (1) question. Answer the question by typing your answer after each sub-question. State your question number in the left side of your answer. The accounting information of Nice Gold Sdn Bhd for the year ended 31 March 2019 and 2020 are provided as below: 2020 (RM) 71,000 9,400 68,500 5,000 45,000 173,300 195,000 Cash Patents and copyrights Long-term liabilities-8%bonds Other assets Accounts receivable Retained earnings Property, buildings and equipment (net) Net sales Long-term investments Accounts payable Opening inventory Purchases ommo 6% preferred stock Additional paid-in capital Closing inventory 2019 (RM) 68,000 11,300 59,900 8,000 42.000 126,900 162,000 350,000 43,000 34,000 20,000 370,000 60,000 7,500 46,000 90,000 400,000 67,000 37,100 90,000 330,000 0,000 7,500 46,000 110,000 Additional information: Credit sales and credit purchases are 20% and 15% respectively. Required: Based on the information given, a) Prepare a common size income statement and statement of financial position for the relevant accounting year end. [15 marks) b) Calculate the following ratios for the year ended 2020 and 2019. Round your This paper consists of FOUR (4) printed pages, excluding cover page -4. answers to two decimal places. [2 [2 1. Inventory turnover rate marks] 2. Number of days' sales in inventories marks] 3. Receivables turnover 4. Days of receivables 5. Gross profit margin on sales [2 marks] [2 marks] [2 marks] c) Analyze each of the ratios calculated in (b) for the year 2020 as compared to the year 2019. [15 marks] [Total: 40 marks]