1. Mike is the trustee of an investment trust. He receives $100,000 from Investor 1 and $100,000 from Investor 2 (in that order), which he holds in a single bank account. In breach of trust, Mike then withdraws $100,000 from the account, which he uses to purchase shares. Investor 3 then invests $100,000, which Mike deposits into the same account. The shares increase in value to $300,000. What proprietary claims are available to the investors?

   Mike is the trustee of an investment trust. He receives $100,000 from Investor 1 and $100,000 from Investor 2 (in that order), which he holds in a single bank account. In breach of trust, Mike then withdraws $100,000 from the account, which he uses to purchase shares. Investor 3 then invests $100,000, which Mike deposits into the same account. The shares increase in value to $300,000. What proprietary claims are available to the investors?	2019A	2020A
   	800	1,200
   	200	240
   	50	60
   Mike is the trustee of an investment trust. He receives $100,000 from Investor 1 and $100,000 from Investor 2 (in that order), which he holds in a single bank account. In breach of trust, Mike then withdraws $100,000 from the account, which he uses to purchase shares. Investor 3 then invests $100,000, which Mike deposits into the same account. The shares increase in value to $300,000. What proprietary claims are available to the investors?

   Required

   Mike is the trustee of an investment trust. He receives $100,000 from Investor 1 and $100,000 from Investor 2 (in that order), which he holds in a single bank account. In breach of trust, Mike then withdraws $100,000 from the account, which he uses to purchase shares. Investor 3 then invests $100,000, which Mike deposits into the same account. The shares increase in value to $300,000. What proprietary claims are available to the investors?What is the companys asset turnover for 2020, calculated using average balances? Answer to one decimal place

   Mike is the trustee of an investment trust. He receives $100,000 from Investor 1 and $100,000 from Investor 2 (in that order), which he holds in a single bank account. In breach of trust, Mike then withdraws $100,000 from the account, which he uses to purchase shares. Investor 3 then invests $100,000, which Mike deposits into the same account. The shares increase in value to $300,000. What proprietary claims are available to the investors?What would be the companys 2020 ROCE be if the companys net borrowing cost (NBC) halved with no other changes? Answer to one decimal place as a percentage, e.g. X.Y%

   Mike is the trustee of an investment trust. He receives $100,000 from Investor 1 and $100,000 from Investor 2 (in that order), which he holds in a single bank account. In breach of trust, Mike then withdraws $100,000 from the account, which he uses to purchase shares. Investor 3 then invests $100,000, which Mike deposits into the same account. The shares increase in value to $300,000. What proprietary claims are available to the investors?

2. Mike is the trustee of an investment trust. He receives $100,000 from Investor 1 and $100,000 from Investor 2 (in that order), which he holds in a single bank account. In breach of trust, Mike then withdraws $100,000 from the account, which he uses to purchase shares. Investor 3 then invests $100,000, which Mike deposits into the same account. The shares increase in value to $300,000. What proprietary claims are available to the investors?