The sole proprietor faces limited liability for contracts and torts of the company

If the independent auditor has not become satisfied by means of other auditing procedures with respect to opening inventories, (s)he should

A. Disclaim an opinion or qualify the opinion on the statements as a whole. B. Either disclaim an opinion on the statement of income or qualify the opinion, depending on materiality and the pervasiveness of the possible effects. C. Either disclaim an opinion or qualify the opinion on the statement of income, regardless of the degree of materiality of the amounts involved. D. Express an adverse opinion on the statements as a whole when the amount in question is material.

If ACTII Costumes has a current ratio of 12:1, its liabilities total $40,000, and its cash and accounts receivable total $140,000, how much inventory do they have?