1. [单选题]10 Which of the following factors would cause a company’s gearing ratio to fall?
1 A bonus issue of ordinary shares. 2 A rights issue of ordinary shares. 3 An issue of loan notes. 4 An upward revaluation of non-current assets.
A. 1 and 3
B. 2 and 3
C. 1 and 4
D. 2 and 4
2. [单选题]11 The following information is available for Orset, a sole trader who does not keep full accounting records:
$ Inventory 1 July 2004 138,600 30 June 2005 149,100 Purchases for year ended 30 June 2005 716,100 Orset makes a standard gross profit of 30 per cent on sales. Based on these figures, what is Orset’s sales figure for the year ended 30 June 2005?
A. $2,352,000
B. $1,038,000
C. $917,280
D. $1,008,000
