1. Macmanus Ltd's 31 December 2020 statement of financial position showed net non-current assets of $4.2 million, and the 31 December 2021 statement of financial position showed net non-current assets of $5,7 million. The company's 2021 income statement showed a depreciation expense of $925 000.

What was Macmanuss net capital spending for 2021? A. $3.525 million B. $4.764 million C. $2.425 million D. $3.234 million 2. A firm has sales of $29 million, total assets of $37 million, and total debt of $13 million. If the profit margin after tax is 10 per cent, what is net profit? A. 2.4 million B. 2.9 million C. 2.4 million D. 2.9 million