a) The financial data of DAMANGO FORESST RESERVE for the year ended 2019 is set below Income statement for the year ending 31/12/2019 GHS GHS Sales 120,000 COGS: Inventory @ beginning 16,000 Purchases 76,000 Closing inventory (12,000)

? Gross profit............... ? Estimate: i) The stock turnover ratio (2marks) ii) The Margin (2marks) iii) Returns on cost of sales (2marks)

b) Siaw Ltd has been legally permitted to offer 1,000,000 shares of Gh1.50 each. The company has issued 700,000 shares. None of the shares has been fully paid up. So far the entity has made calls of 80pesewas (GH0.80) per share. All the calls have been paid by holders except for 200,000 owing from one shareholder. Required: Estimate the following i) Paid up capital (1mark) ii) The unpaid up capital (1mark) iii) Value of shares floated (1mark) iv) The unissued share capital (1mark) v) The uncalled up capital (1mark) vi) Authorized share capital (1mark)