11. Kirstenbosch Ltd cost of goods sold is R3696000 and inventory turnover of9.7 The firm's current liabilities amounts to R470000 and quick acid ratio is 2.45. What is Kirstenbosch's current assets?

12. A firm sold a fixed asset for R1000000. This represents

A. An operating cash flow and a source of funds

B. An investment cash flow and a source of funds

C. An operating cash flow and a use of funds

D. An investment cash flow and a use of funds

13. In its financial year end cash flow statement, a firm had cash flow from operating activities of -R10000, cash flow from investment activities of R4000 and cash flow from financial activities of R9000. The statement of cash flows will show a

A. net decrease of R3000 in cash.

B. net decrease of R5000 in cash

C. net increase of R3000 in cash

D. net increase of R5000 in cash

14. In March, a firm had an ending cash balance of R51070. In April and May the firm had a net cash balance of R36832 and (R15143) respectively. The minimum cash balance required by the firm is R5110. What is the required total financing required or excess cash balance for May