Question
Question 8 (a) The following amounts were taken from the books of AA Limited on 30 July 2018 GHS Sales 250 000 Cost of Sales
Question 8 (a) The following amounts were taken from the books of AA Limited on 30 July 2018 GHS Sales 250 000 Cost of Sales 175 000 Other Income 5 000 Expenses 30 000 Non-current Assets 150 000 Investments 15 000 Current Assets (including inventory) 30 900 Current Liabilities 9 000 Inventory 8 000 Long-term Liabilities 60 000 Opening Capital 126 900 Required: (a) Prepare a final account for the company. (b) Calculate to two decimal places and comment on the performance of this company: (i) Gross profit margin (ii) Net profit margin (iii) ROCE (iv) Quick ratio
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