QUESTION 1 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? A. R3 000 B. R4 000 c. R1 000 D. R6 000 QUESTION 3 Jones Ltd has a debt-to-equity ratio of 25% compared with the industry average of 20%. This means that the Jones Ltd...... . . A. Will be viewed as having high creditworthiness when compared to other businesses. B. has greater than average financial risk when compared to other businesses. c. will not experience any difficulty with its creditors when compared to other businesses. D. has less liquidity than other businesses