(a)[5]
Prepare a statement to show the amount of inventory Huan should include in the financial statements at 31 March 2016.
(b)[13]
Prepare an income statement for Huan covering the year ended 31 March 2016.
(c)[4]
State three benefits and one limitation of using a sales ledger control account.
(d(i))[4]
Calculate the following ratio at 31 March 2016: operating expenses to revenue, correct to two decimal places.
(d(ii))[4]
Calculate, at 31 March 2016, the following ratio: inventory turnover (days).
(e(i))[4]
Suggest one possible reason for the variation in operating expenses to revenue.
(e(ii))[4]
Suggest one possible reason for the variation in inventory turnover (days).