(A) $9.348 Depreciation 2,818 12,074 (B) $6.959 (C) SS 119 Wages and salaries 31,740 38,521 (D) $4,229 General expenses 4,150 49,277 38.708 23,937 99,872 24,117 Net profit (20) State the balance of the bank reconciliation statement. (A) $6.959 A$ Statements of financial position Non-current assets (B) $11,410 (C) S6,559 Equipment at cost 6,650 120,740 (D) $S2327 Less depreciation (1,630) (63,020) 5,020 57,720 Current assets You are to study the following financial statements for two furniture stores and then answer the questions which follow Inventory 2,400 17,750 Financial Statements Accounts receivable 11,820 23,765 Bank 4,654 11,529 A Income statements $ $ $ 157,165 B $ 255,996 18,874 23,894 53,044 110,764 Total assets Sales Less cost of sales 15,654 Capital Net profit Opening inventory 4,120 Purchases 92,800 11,400 23.937 35,337 83,887 24,117 108,004 134,103 Drawings 96,920 149,757 (17,100) 18,237 (18,440) 89,564 closing inventory (2,400) (17,750) Current Liabilities Accounts payable 5,657 23,894 21,200 110,764 (94,520) 62,645 (132,007) 123,989 Gross profit 21. Calculate gross profit margin for company A (A) 39.9% (B) 560% (C) 658% (D) 18.4% 22. Calculate net profit margin for company A (A) 1.8% (B) 8.1% (C) 15% (D) 17% 23. Calculate the current ratio of company A (A) 2.2 (B) 3.3 (C) 3.03 (D) 4.02 24. Calculate the inventory turnover days for company A (A) 12 days (B) 33 days (C) 23 days (D) 13 days