stion Questions 15 and 16 refer to the following scenario. Great Grains Ltd sells grain feed to farmers. Their total sales figure for the past year was R1.8 million. They sell 65% of their produce on credit. Their total bad debts figure for the year was R128,700. 15 What is Great Grain 's bad debt ratio? Select one: a. 7.15% b. 11% c. 35% d. 4.65% e. 20,43% 16 If the average bad debt ratio for the grain feed sales! industry is 8%, what does this mean for Great Grains Ltd?! ut of Select one: O a. Their bad debts are worse than average - they should tighten their credit standards. O b. Their bad debts are better than average - they should relax their credit standards, c. Their bad debts are worse than average - they should relax their credit standards. d. Their bad debts are better than average - they should tighten their credit standards. As depreciation charges are an expense, they must be included in the cash budget. Select one True False Extending credit to customers always results in increased profitability Select one: True False