b. A company has capital of P10, 00,000; its turnover is 3 times the capital and the margin on sales is 6%. What is the return on investment?

	P
Cash Sales Credit Sales Returns Inward Opening Stock Closing Stock Gross Profit Ratio is 25% Find out Inventory Turnover Ratio	80,000 2,00,000 10,000 25,000 30,000

Required: Use the above information to determine the return on investment. (5 marks)

END OF ASSIGNMENT