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vii. The total asset turnover ratio was 1 . 2 0 . viii. The debt ratio was 6 0 % . QUESTION THREE The following

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vii. The total asset turnover ratio was 1.20.
viii. The debt ratio was 60%.
QUESTION THREE
The following figures are available for Intec (Pty) Ltd:
[30]
\table[[,Actual (2017),Budget (2017)],[,January,February,March,April,May],[Sales,96000,120000,60000,160000,200000],[Purchases,100000,50000,160000,84000,60000],[Sales commission,400,600,1200,800,400],[Wages,800,800,800,?,?
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