(a)[2]
Calculate the trade receivables turnover (days) for the year ended 31 August 2024, and show the formula used.
(b)[2]
Explain the distinction between gross profit margin and mark-up.
(c(i))[1]
State the formula for the rate of inventory turnover (times).
(c(ii))[3]
Calculate the value of closing inventory at 31 August 2024.
(d)[4]
Calculate, to two decimal places, the return on capital employed for the year ended 31 August 2024, showing the formula used.
(e)[3]
State three further limitations of accounting ratios.