1.Capital 7,500; Assets 12,500; Liabilities 4,500 and Expenses 1,200. Profit is...

A 8,000

B 6,300

C 500

D 1,700

2.

For the year ending March 2021, a company had the following Balance Sheet totals:

Credit sales 332,000

Cost of sales 210,000

Accounts Receivable/Debtors (start) 32,000

Accounts Receivable/Debtors (end) 40,000

Inventory (start) 34,400

Inventory (end) 44,000

Using average debtors, what is the Debtor Days ratio (to the nearest day)?

A No answer is correct

B 37 days

C 38 days

D 58 days