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1 Points An R/D cheque is an information that is known and prepared by the A.A) Financial institution B) Auditor C) Deposit/customer D) None of the above OB. A) Financial institution B) Auditor C) Deposit/customer D) None of the above C. A) Financial institution B) Auditor C) Deposit customer D) None of the above D. A) Financial institution B) Auditor C) Deposit/customer D) None of the above Reset Selection hp Question 70 of 74 2 Points If you are given inventory of R48 000, other current assets of R24 000 and current liabilities of R40 000, the current ratio will be? A. 1.6:1 B. 0.6:1 C. 1.2:1 D. 1.8:1 Reset Selection a hop sestion 71 of 74 2 Points If you are given inventory of R48 000, other current assets of R24 000 and current liabilities of R40 000, the acid test ratio will be? A. 1.6:1 B. 1.8:1 C. 0.6:1 D.1.2:1 Reset Selection a hp A debtor collection period of 1 month means that: A. In any given month, twelve debtors are expected to pay in full OB. The average debtor takes about one month to pay C. One twelve of debtors will turn out to be bad debts D. Debtors are about twelve times as big as creditors Reset Selection The statement of profit or loss and other comprehensive income reflects the following balances: Sales R2 401 000 and Cost of sales R1 600 668. What is the Gross profit %? A. 33% B. 30% C. 40% D. 25% Reset Selection 4172-tae5095017 The statement of profit or loss and other comprehensive income reflects the following balances: Opening inventory R524 800. Closing inventory R541 244 and Cost of sales R1 600 668. What is the inventory turnover rate (in monthsy? A. 6 months B. 3.9 months C. 5 months D. 2 months Reset Selection Next Save Submit for Grading