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Question 1 2 5 Marks AFE Traders recruited you as their accountant for 3 1 May 2 0 2 4 financial year. The business has
Question Marks AFE Traders recruited you as their accountant for May financial year. The business has the following information. Cost of sale N$ Margin Opening Stock N$ Closing Stock N$ Total Expenses N$ Debtors Turnover Times Creditors Turnover Times Current Assets N$ Current Liabilities N$ Calculate the following a Gross profit Marks b Sales Marks c Purchases Marks d Inventory turnover days Marks e Net profit margin Marks f Debtors Balance Marks g Creditors Balance Marks h Current Ratio Marks i Cash balance Marks j Bank Overdraft Marks ROUNDOFF YOUR ANSWER TO THE NEAREST ZERO DECIMAL PLACE!!!
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