Answer to Question #237880 in Economics for Sammy

Question

K K K
Cash 590
Debtors 59, 443
Bank 32, 830
Amount due to directors 20,000
Inventory 208, 993
269, 026
Motor vehicles 6,760
Creditors 142, 252
Land & Buildings 64, 708
Less CURRENT LIABILITIES
CURRENT ASSETS
Fixtures and fittings 10, 700
82,168
FIXED ASSETS
Tax 8,171
203 253NET CURRENTS ASSETS 65,773
Share capital 10,000
ix.Net profit margin
NET TANGIBLE ASSETS 147,941
viii.Credit given period
Capital reserve 28,617
v.Acid test ratio
iii.Current ratio
vi.Interest cover
FINANCED BY:
i.Net gearing ratio
vii.Gross profit margin
Retained profit 109, 324
. 147, 941
iv.Credit taken period
Required
a)Using the figures provided calculate the following:
ii.Inventoryturnover period
x.Return on investment

Answer 1

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