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The following information is extracted from the 2019 and 2020 financial report of a business. 2019 2020 Non-current Assets 500,000 550,200 Total Assets 625,000 645,300
The following information is extracted from the 2019 and 2020 financial report of a business.
| 2019 | 2020 |
Non-current Assets | 500,000 | 550,200 |
Total Assets | 625,000 | 645,300 |
Non-current liabilities | 251,200 | 195,600 |
Net Assets | 282,400 | 375,600 |
Total Revenue | 275,000 | 189,600 |
Total Expenses | 160,000 | 63,500 |
d) (1 mark) Which of the following is the correct Profit Margin for the 2020 financial year? 33.57% 33.49% 66.51% 19.85% 198.58% el [2 marks) Which of the following transactions can immediately improve the Return on Assets? Borrow a bank loan that is due in 3 years. Owner contribute cash to the business. Buy equipment on credit. Change the useful life of a company car from 7 years to 4 years. Owner withdraw cash from the business f) (2 marks) Which of the following transactions can immediately improve the profit margin? Assume the company makes profit before the transaction. Receive cash for service provided and recorded earlier. Owner contribute cash to the business Pay cash for goods received and recorded earlier. Provide service for cash received in advance. Adjusting entry to record unpaid wages. gl (2 marks) Which of the following transactions can immediately improve the Debt to Total Assets Ratio? Buy supplies using cash. Receive cash for services to be provided in the future. Owner withdraw cash from the business. Provide services and receive cash. Buy a machine on credit h] [2 marks) Which of the following transactions can immediately improve the Current Ratio? Use cash to buy supplies. Repay a bank loan that is due in 3 years. Borrow a bank loan that is due in 3 years Buy a company vehicle on credit. Receive cash for service provided and recorded before
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