A business has a non-current asset turnover of two times (2 times), based on non-current assets valued at GHC 250,000 at the end of 2018. The company uses the reducing balance method to depreciate its non- current assets at 25% per annum. In 2019, sales revenue increased by 20%. There were no purchases or disposals of non-current assets during the year. What is the non- current asset turnover for 2019? O A. 2.13 times OB. 2.40 times C. 2.67 times D. 3.20 times A sole trader operates his business from a warehouse, which has been damaged by a fire, which occurred at the end of the financial year. After the fire, the remaining inventory that is undamaged amounts to GHC 2,000 (cost). The accountant establishes the following information: 1 Inventory at the beginning of the year was GHC 16,000 II Purchases during the year were GHC 115,000 III Sales during the year were GHC 140,000 IV The trader sells his goods at a mark-up of 25% of cost How much was the gross profit? O A. GHC 28,000 B. GHC 35,000 OC. GHC 32,750 OD. GHC 25,000