3 Sourton Ltd wishes to forecast its financial performance and position for the forthcoming year. The forecast model used by the company incorporates the following relationships: Sales: non-current assets Non-current assets: current assets Current ratio Acid-test ratio 2:4:1 0-8:1 1.0:1 0-6:1 The sales for the forthcoming year are expected to be $50 million What is the forecast level of inventory to be held at the end of the year? A B C D $60-Om $38-4m $10-4m $6.Om 2 marks 4 The following extracts are available from Peter Co's Statement of Financial Position. Non-current assets Inventory Receivables Payables Overdraft Long-term bank loan 100,000 12,000 8,000 2,500 17,500 75,000 Calculate Peter Co's working capital. A B C D Zero $25,000 $40,000 $100,000 2 marks