Read the following statements and mark your answer:
I. Return on investment (R.O.I.) is calculated as part on final accounts preparation exercise
II. Inventory valuation is a must for ascertaining profit by preparation of Trading Account
III. Operational audit is a statutory requirement for a company auditor
IV. Garner Vs. Murray relates to settlement of accounts on insolvency of a partner of the firm

A. I and IV are correct

B. II and IV are correct

C. II and III are correct

D. I and III are correct

Answer: Option B