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When preparing a cost of goods manufactured statement from the following information, what is the total cost of goods manufactured?

Direct materials	$12
Advertising expenses	6
Indirect labour	2
Indirect materials	10
Direct labour	4
Other manufacturing overhead	6

Select one:

a. $40

b. None of the options

c. $46

d. $34

e. $32

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If the average market price of Canada Ltds shares is $28 and earnings per ordinary share are $5.60 the P/E ratio is:

Select one:

a. 0.2.

b. 5.0.

c. 0.5.

d. 2.0.

e. None of the options

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Canada Ltd has the following data available.

Sales	$600 000
Selling expenses	120 000
Profit	240 000

Using vertical analysis, express selling expenses as a percentage of the base amount.

Select one:

a. 60%

b. None of the options

c. 20%

d. 15%

e. 50%

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The formula for the profit margin ratio is:

Select one:

a. revenue/profit.

b. gross profit/net sales.

c. profit after tax/total assets.

d. profit after tax/revenues.

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In January 2020, Canada Ltd declared and distributed a 10% share dividend (bonus issue) when share capital was $380 000. What is the effect on total shareholders equity?

Select one:

a. It depends on the price of the bonus issue

b. $38 000 increase

c. $38 000 decrease

d. No effect