7 The following information is available Cash Receivables Inventory 30,000 40,000 25,000 95,000 (10,000) 85.000 Payables Working Capital What is the quick (acid test) ratio? A 6.5 times B 8.5 times C 9.5 times D 7 times 2 marks Dis Co is considering offering a discount of 2% to its customers if they pay within 10 days rather than the current 25 days. There are 365 days in the year. What is the annual cost to Dis Co of offering such a discount? A B C D 34.3% 61.9% 63.5% 33.5% 2 marks 9 is the following statement true or false? Bankruptcy is when an individual's assets are sold and the monies collected are distributed to the creditors. A B True False 2 marks