---

Answer : C

Explanation:

Step 1 – Calculate the total sales for Jan – May
136,000 + 135,000 + 136,500 + 156,000 + 145,000 = 708,500

Step 2 – Since the monthly average is thesame, multiply this figure by 12 / 5
708,500 x 12 / 5 = £1,700,400

Thus the correct answer is (C), £1,700,400

---

Answer : E

Explanation:

Enter the Total assets figures for April to June into an equation, where z = Total assets in June.
151,000 + 142,500 + z = 150,000 x 3
z = 450,000 – 151,000 – 142,500 = 156,500

Thus the correct answer is (E), £156,500

---

Step 1 – Use the equation provided to calculate the working capital for each month Working Capital to Total Assets ratio = (Current Assets – Liabilities) / Total Assets January: (66,500 – 34,400) / 140,500 = 0.23

February: (63,000 – 35,600) / 132,500 = 0.21
March: (65,000 – 33,000) / 133,000 = 0.24
April: (68,000 – 35,000) / 151,000 = 0.22
May: (66,000 – 33,500) / 142,500 = 0.23

Thus the correct answer is (C), March
 

---

Answer : A

Explanation:

Step 1 – The table shows that Income = Total sales – Operating expenses
Step 2 – Calculate June’s values for Total sales and Operating
expenses Total sales = 145,000 x 108% = 156,600
Operating expenses = 55,000 x 93% = 51,150

Step 3 – Apply the formula Income = Total sales – Operating
expenses Income = 156,600 - 51,150 = £105,450

Thus the correct answer is (A), £105,450

---

Answer : D

Explanation:

Calculate Asset Turnover = Total Sales / Fixed Assets for each month
Jan: 136,000 / 38,000 = 3.58
Feb: 135,000 / 34,000 = 3.97
March: 136,500 / 32,000 = 4.27
April: 156,000 / 45,000 = 3.47 (D)
May: 145,000 / 40,000 = 3.63