Homework Answers
Q1)
Answer: 4th option
Percentage increase = {(Current year – Previous year) / Previous year} × 100
= {(757,611 – 562,022) / 562,022} × 100
= (195,589 / 562,022) × 100
= 34.80%
Q2)
Answer: 4th option
Inventory turnover ratio = CGS / Average inventory
= 166,384 / {(30,662 + 39,889) / 2}
= 166,384 / 35,275.5
= 4.72 times
Required number of days = 365 days in a year / Inventory turnover ratio
= 365 / 4.72
= 77 days
Q3)
Answer: 2nd option
Quick assets = Accounts receivable + Cash + Marketable securities
= 35,000 + 25,000 + 36,000
= 96,000
Q4)
Answer: 1st option
Percentage increase = {(Current year – Previous year) / Previous year} × 100
= {(1,025,000 – 820,000) / 820,000} × 100
= (205,000 / 820,000) × 100
= 25%
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