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You are planning the audit of Bluechip Ltd, a company with investments in listed securities that you consider to have a low level of inherent

You are planning the audit of Bluechip Ltd, a company with investments in listed securities that you consider to have a low level of inherent risk. What is the most appropriate level of planning materiality for the 30 June 2021 audit given the following balances: (all amounts are in $000) Sales: 1200 (2021); 1080 (2020); 960 (2019) Profit: -23.5 (2021); 492.7 (2020): 164.5 (2019) Current assets: 1850 (2021); 1665 (2020); 1480 (2019) O a. 1.2 O b. 18.5 0 c. 2.4 0 cl. 12.0

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