quiz

5 $ Income statements Sales Less cost of a 157.165 255,990 4, 120 15 654 Opening inventory Purchases 92.00 11.10 98,920 149,757 closing inventory 2.400 194 5203 52,645 (132.007 123,989 Gross profil Depreciation 2.818 12.074 38,521 Wages and salaries 31.740 General expenses 4.190 49.277 Net profit 38.703 23,037 99.872 24,117 Statements of financial position Non-current assets 120,740 Equipment al cost 6,650 Less depreciation 11630) 163.020 5.020 57,720 Current assets Inventory 2.400 17.750 Accounts receivable 11,820 Bank 4654 23,765 11.529 18.874 23,894 Total assets 53944 110.764 Capit Net profit 11,400 23.037 35,337 17/100 16.237 83.887 24. 112 105,004 Drawings 64401 0,554 Current Listes Accounts payable 21200 21. Calculate gross profit margin for company A (A) 39.9% (B) 56.0% (C) 65.8% (D) 48.4% 22. Calculate net profit margin for company A (A) 1.8% (B) 8.1% (C) 15% (D) 17% 23. Calculate the current ratio of company A (A) 2.2 (B) 3.3 (C) 3.03 (D) 4.02 24. Calculate the inventory turnover days for company A (A) 12 days (B) 33 days 11 (C) 23 days (D) 13 days 25. Calculate the return on capital employed (ROCE) for company A (A) 231% (B) 131% (C) 66.7% (D) 27.0% 26. Calculate the acid test ratio of company A (A) 14.4 (B) 4.14 (C) 2.91 (D) 1.66 27. Calculate the accounts receivable days ratio of company A (A) 27 days (B) 28 days (C) 34 days (D) 35 days 28. Calculate the working capital of company A (A) $31,844 (B) S104,000 (C) $64,000 (D) $13,217 29. Calculate the accounts payable days ratio of company A (A) 21 days (B) 39 days (C) 22 days (D) 115 days 30. Calculate gross profit margin sales for company B (A) 9.42% (B) 48% (C) 6.5% (D) 5.6% 31. Calculate net profit margin for company B (A) 9.4% (B) 48.4% (C) 15.2% (D) 12% 32. Calculate the current ratio of company B (A) 3.3 (B) 2.5 (C) 1.12 (D) 2.02 33. Calculate the inventory turnover days for company B (A) 12 days (B) 34 days - 33. Calculate the inventory tumover days for company B (A) 12 days (B) 34 days 13 (C) 40 days (D) 46 days 34. Calculate the return on capital employed (ROCE) for company B (A) 27% (B) 131% (C) 57% (D) 26% 35. Calculate the acid test ratio of company B (A) 2.91 (B) 1.82 (C) 1.66 (D) 2.02 36. Calculate the accounts receivable days ratio of company B (A) 34 days (B) 35 days (C) 27 days (D) 114 days c := 37. Calculate the working capital of company B (A) SI2,500 (B) $10,500 (C) $13,217 14 (D) $31.844 38. Calculate the accounts payable days ratio of company B (A) 22 days (B) 151 days (C) 59 days (D) 113 days 39. Working capital is a term meaning... (A) The amount of capital invested by the owner. (B) The excess of the current assets over the current liabilities (C) The capital less drawings (D) The total of non-current assets - current assets 40. If accounts payable at 1 January 2013 were $2,500, accounts payable at 31 December 2013 $4,200 and payments to creditors $32,000, then purchases for 2013 are (A) S 30,300 (B) $33,700 (C) $31,600 (D) $38,700