Besides the information in annual reports, which of the following are sources of financial information about companies that are useful for analysing their performance and financial position? 1. The Internet II. The Stock Exchange III. Financial newspapers and journals IV. Stock brokers V. Information on competitors Select one: a. II, IV and V only b. I, II, III, IV and IV c. II, III, IV and V only d. I, II and III only Vertical analysis of a statement of financial position usually: Select one: a. calculates each balance sheet item as a percentage of total assets (funds). b. calculates each balance sheet item as a percentage of sales. C. calculates each balance sheet item as a percentage of the bank balance. d. calculates each balance sheet item as a percentage of share capital. Which of the following statements concerning the current ratio is incorrect? Select one: a. A high current ratio may indicate excessive investment in working capital. b. A current ratio of 1.5 to 1 should always be maintained. c. The current ratio can be manipulated at balance date, e.g. by using cash to pay off short-term debt. d. A low current ratio may indicate difficulty in meeting short-term commitments. Richmond Co performed a trend analysis at the end of the financial period. Which of the following changes appears to be the most significant in requiring further investigation? Select one: a. An increase in 14% for bad debts written off b. An increase in accounts receivable of 4%. c. An increase in revenues of 18%. d. An increase in total assets of 6%