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The managers of Rebus Transport Ltd discovered that a motor lorry, which was purchased on the last day of the financial year, had been charged
The managers of Rebus Transport Ltd discovered that a motor lorry, which was purchased on the last day of the financial year, had been charged to motor running expenses. This discovery was made after the draft annual financial statements had been prepared and after the managers had calculated the following ratios based on these statements: 1. Gross profit margin 2. Interest cover ratio 3. Sales to capital employed 4. Current ratio Which TWO of the above ratios will change after the error has been corrected in the financial statements? O A. 2 and 3 OB. 3 and 4 OC. 1 and 4 OD. 1 and 2 O Time Remaining: 00:39:35 Next
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