The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.

1778

what is retention? how caculate on asset

2378

Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com

2096

I plan to buy a new flat in Hyderabad which has never been registered before. Area of the flat is 1115 Sq. ft. I intend to know the following things.1.) what should be the amount of registration?.2.) Is there any VAT. If there is VAT what is the percentage?.3.) Is there any service tax. If so, what should be the percentage? as per F.Y 12-13 rule

2464

Distinguish value andPrice

2033

Who to create a budget on software company

2187

With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?

2508

The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.

3587

what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?

2294

Tell me what is working capital?

1218

Please some one tell me what is the VAT or WCT rate for works contract at Tripura

2571

what are the uniform public construction cost accounting act procedures?

2021

What qualities have you got that would make you a good accountant?

1097

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2015

Can we pay advance salary to a single employee in cash of an amount exceeding 10,000?

1512