The normal acceptable current ratio is 2:1 Select one: True False Given that current liabilities is R1 255125 , current assets is R1 355254 and inventory is R200 000. Calculate acid test ratio A. 2:1 B. 0.92:1 C. 1:1 D. 0.96:1 A company has 1000 ordinary shares in issue, each issued at R2,50. The company wishes to offer its shareholders 1 share for every 4 shares held at an issue price of R4. The current market price immediately before the issue is R5. All shareholders accepted the offer by the last day of the offer. Calculate the number of shares to be issued. A. 200 B. 4 C. 250 D. 300 Rights issue is when an entity offers a certain number of shares to shareholders that already exist at a price which is lower than the market value. Select one: True False Basic earnings per share = earnings divided by number of shares Select one: True False