Calculate the following ratios for John
2.1. Mark-up ratio
2.2. ROCE
2.3. GP as % of sales
2.4. NP as % of sales
2.5. Stock turnover
2.6. Current ratio
2.7. Acid test ratio
2.8. Debtor / Sales ratio
2.9. Creditor / Purchases ratio
2.10. Margin Post-Adjustment
Trial Balance of John - 31 January 2020 Account Debit Credit
Inventory 1 January 2020 80 000
Purchases 35 000
Sales 154 000
Other Expenses 5 000
Equipment at cost 24 000
Debtors 12 000
Creditors 16 000
Cash at bank 12 000
Depreciation 800
Drawings 4 600
- Capital (4 600)
Accumulated Depreciation: Equipment 8 000
Note: Inventory on 31 January 2020 was N$7,500
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What is the question bro.
Explanation:
Faculty of Economic and Management Sciences
Management Science Department
Principles of Business Accounting (BBA 2422)
Calculate the following ratios for John & Erica
2.1. Mark-up ratio
2.2. ROCE
2.3. GP as % of sales
2.4. NP as % of sales
2.5. Stock turnover
2.6. Current ratio
2.7. Acid test ratio
2.8. Debtor / Sales ratio
2.9. Creditor / Purchases ratio
2.10. Margin Post-Adjustment
Trial Balance of John - 31 January 2020 Account Debit Credit
Inventory 1 January 2020 80 000
Purchases 35 000
Sales 154 000
Other Expenses 5 000
Equipment at cost 24 000
Debtors 12 000
Creditors 16 000
Cash at bank 12 000
Depreciation 800 Drawings 4 600 -
Capital (4 600)
Accumulated Depreciation: Equipment 8 000
Note: Inventory on 31 January 2020 was N$7,500
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