Please assist in answering all questions below

Given information for the 32 questions below. Moletji Ltd is public company owned by two prominent business women and the local community trust around the Capricorn District Municipality. The company was founded in the year 2018 and the following information pertains to the company: Extract of accounts pertaining to the statement of financial position as at 31 December: Extra from the statement of financial position 2019 2020 R R Land and buildings at cost 647 200 529 500 Vehicles at cost 227 700 111 900 Furniture at cost 68 300 58 100 49 700 38 700 Accumulated depreciation: Vehicles Accumulated depreciation: Furniture 12 500 10 800 Share capital: ordinary shares 409 600 217 600 211 100 145 100 Share capital: 12% preference shares Dividends receivable 2 300 Investments at fair value 134 100 SARS (income tax) 37 300 84 600 Loans from shareholders 29 300 Long-term loan 95 900 76 600 Loans to directors 40 800 11 800 Retained earnings 384 900 302 100 Trade payables control 51 000 41 300 1500 Accrued security expense 6 000 Dividends payable 37 300 12 100 Prepaid expenses (advertising) 6 300 4 500 Inventory 92 000 62 900 Trade receivables control 52 800 63 500 Bank 29 900 1600 Items disclosed in the statement of profit or loss and other comprehensive income for the year ended 31 December 2020: Extract from the statement of profit and loss R Revenue 1 660 000 Cost of sales 614 800 Other operating expenses 118 800 Administrative expenses (including salaries and wages) 136 600 Dividend income: listed investments 6900 Interest expense 9 600 Loss on sale on listed investments 2 800 Fair value gain: listed investments 12 600 Income tax expense 196 100 Depreciation 33 100 Profit on sale of non-current assets: furniture 550 Dr Loss on sale of non-current asset: vehicle 10 200 505 000 Profit for the year Additional information: 1. The following relates to property, plant and equipment: . On 31 October 2020, a vehicle with a cost price of R71 000 and accumulated depreciation of R50 000 (on 1 January 2020) was sold for cash. A replacement vehicle was bought on 1 December 2020. . On 20 June 2020, furniture with a cost price of R4 000 and accumulated depreciation of R1 200 was sold for cash. A replacement furniture was bought on 31 July 2020. All other purchases were in cash. 2. It is the accounting policy of the company to provide for depreciation as follows: Vehicles: According to the diminishing balance method, at 20% per annum. Furniture: According to the straight-line method, at 25% per annum. 3. The following relates to the shares of the company: On 31 August 2020, the shareholders approved the capitalisation issue of one (1) ordinary share for every four (4) ordinary shares held. On that date the number of ordinary shares issued were 98 000 shares. The capitalisation issue was done from retained earnings at R0,50 per share. All other issued shares were paid for in cash. The company allotted and issued 45 000 ordinary shares and 12% preference shares on 31 October 2020. On 15 December 2020, the company declared an ordinary dividend of 30 cents per share. 4. The investments consist of listed shares in Mankweng Ltd, bought for R3 each on 1 January 2020. The company sold 4 000 of these shares on 30 November 2020. 5. The following relates to loans for the company: Interest on long-term loans is capitalised Loans to directors are interest free and immediately callable Loans from shareholders are interest free and repayable on 30 November 2022. QUESTION 33 Mimosa Ltd expects sales revenue of R20 000 and total current assets amounting to R5 000 for the coming year. The company also aims to achieve the following ratios: current ratio of 2,5:1; and acid test ratio of 2:1. Which one of the following alternatives represents a correct amount of inventory? Select one: Question 34 What is the most used liquidity ratio that can be used to measure the proximity of cash position of a business? Select one: A. Quick ratio. B. Trade receivables collection period. C. Current ratio. D. Inventory turnover. Question 35 Jones Ltd has a debt-to-equity ratio of 25% compared with the industry average of 20%. This means that the Jones Ltd...... Select one: A. has less liquidity than other businesses. B. will not experience any difficulty with its creditors when compared to other businesses. C. has greater than average financial risk when compared to other businesses. D. will be viewed as having high creditworthiness when compared to other businesses. Question 36 Which one of the following statements is most likely to be correct? Select one: A. An improvement of profit margin will improve the debt-equity ratio. B. A capitalisation issue of shares using retained earnings will improve the debt-equity ratio. C. The acquisition of land and building through a mortgage will improve the debt-equity ratio. D. A lower debt-equity ratio lowers the protection of creditors. A. R4 000 B. R6 000 C. R3 000 D. R1 000