1/ Match each of the following accounts with the appropriate financial statement

Accounts Receivable

Choose... Balance Sheet Income Statement

Sales Revenue

Choose... Balance Sheet Income Statement

Inventory

Choose... Balance Sheet Income Statement

Cost of Goods Sold

Choose... Balance Sheet Income Statement

f 2/ Zhang Company's financial records reveal the following at 30 June 2019.

Net sales	$225 000
Cost of sales	$94 000
Ending inventory	$37 000
Beginning inventory	$22 000

Assuming a 365-day year, calculate the days inventory ratio.

86 days

115 days

144 days

85 days

3/Match each of the following transactions with its effect on current ratio:

Accumulating salaries owed to employees.

Choose... Current ratio goes down Current ratio remains the same Current ratio goes up

Purchasing inventory with cash

Choose... Current ratio goes down Current ratio remains the same Current ratio goes up

Issuing share capital

Choose... Current ratio goes down Current ratio remains the same Current ratio goes up

Money received from debtors