22. I. II. Which of the options; (a), (b), (c), (d) or (e) lists three statements from I to VI that CORRECTLY describe the effect inventory has on aspects of financial statements? Rising inventory dollar value without a corresponding increase in sales has no effect on Cost of Goods Sold (COGS) Rising inventory dollar value without a corresponding increase in sales causes a decrease in profit III. Rising inventory dollar value without a corresponding increase in sales causes an increase in Owner's Equity IV. Rising inventory dollar value without a corresponding increase in sales affects the Income Statement, Balance Sheet and the Cash Flow Statement V. Rising inventory costs without a corresponding increase in sales leads to a decrease in Owner's Equity VI. Rising inventory dollar value without a corresponding increase in sales has no effect on Owner's Equity (a) II, IV and VI (b 1. V and VI (c) 1, III and IV (d) II, IV and V (e) III, V and VI 23 How do value chain analyses enable firms to determine if they are achieving competitive advantage over their rivals? Select the option (a), (b), (c), (d) or (e) that lists two CORRECT answers from I to VI." I. II. II. IV. V. Value chain analyses ensure that the value that resides in the finished products or services is the same as the value that is sacrificed to convert raw inputs to finished goods Value chain analyses identify if the value that resides in the firm's finished products or services is greater than the value that resides in the finished products or services of firm's competitors Value chain analyses identify if the firm's products or services create positive value Value chain analyses identify if all raw inputs are being utilised efficiently Value chain analyses enable the firm to make judicious make or buy decisions Value chain analyses ensure that the value that is sacrificed to convert raw inputs into finished products or services yields a proportionate return on investment IV and VI II and III Ill and V I and VI I and II VI. (b (d)