Q1, Based on the ratios for Sputnik and Apollo below, which of the following statements are correct?

i. Apollo has higher level of cash in its account than Sputnik

ii. The number of shareholders for Sputnik is smaller than Apollo

iii. Business activities of Sputnik requires more expenses on marketing, after-sales service and research and development than Apollo's business activities

iv. Apollo sells lower value goods than goods sold by Sputnik

Select one:

A. i, ii and iii

B. i, ii, iii and iv

C. ii, iii and iv

D. ii and iii

Ratio Sputnik Apollo Return on owners' equity 35% 16% Gross profit percentage 43% 17% Profit percentage 11% 11% Average settlement period for 69 days 20 days accounts receivable Average settlement period for 53 days 48 days accounts payable Inventory turnover period 55 days 29 days