(20) ents R 13 600 Question 2 The following details appeared in the final accounts of a sole trader's business. 470 R. 2 220 58 875 2160 Current assets Current liabilities Gross profit Net profit Purchases Sales Capital 8 400 4 000 5 000 2 400 16 000 21 000 30 000 2 900 4 980 6 675 450 800 3 840 3 670 640 The opening and closing stocks, being identical figures, are not shown. ( Required Answer the following questions: 305 R (a) What is the ratio between current assets and current liabilities, and is it a satisfactory one? 770 245 (b) What is the percentage gross profit on turnover? What is the average mark-up percentage on purchases? 220 190 (d) What is the capital yield to the owner expressed as a percentage? le) (15) 20 Would the owner do better by investing his capital in a building society at 7% per annum? Question 3 llowing position