Use the following Information extracted from the books of Timaya and P. Square to answer question 40.46. N6,500 1 The purchass for the year Is: (A) N20,000 (B) N21000 (C) N22,000 (D) N24,000 (E) N25,000 2 What is the stock turn-over rate? (A) 3 times (B) 3.3 times (C) 3.5 times (D) 3.7 times (E) 4 thmes. 3 The gross profit for the year is: (A) N6,625 (B) N6,250 (C) N6000 (D) N5,600 (E) N5,000 4 Wht. Is the turn-over for the year? (A) N27,500 (B) N26,500 (C) N25,500 (D) N24,500 (E) N22,000 Calculate the percentage of net profit pn sales. (A) 25% (B) 22% (C) 21% (D) 20% (E) 10% What is the amount charged In the Profit and Loss Account? (A) N6500 (B) N5500 (C) N5000 (D) N4000 (E) N2750 Patlent and Trade Mark are classifled under (A) Flxed Assets (B) Current Assets (C) Intanglble Assets (D) Wasting Assets (E) Investment Assets Accumulated Fund as at 1it January, 2004 1s: (A) N54,100 (B) N52,800 (C) N52,600. (D) N51,300 (E) N58,200 Subscription relating to 2004 is : (A) N 19600 (B) 17,300 (C) N16,500 (D) N15,000 (E) N18,000. Use the following Information extracted from the books of Timaya and P. Square to answer question 40.46. N6,500 1 The purchass for the year Is: (A) N20,000 (B) N21000 (C) N22,000 (D) N24,000 (E) N25,000 2 What is the stock turn-over rate? (A) 3 times (B) 3.3 times (C) 3.5 times (D) 3.7 times (E) 4 thmes. 3 The gross profit for the year is: (A) N6,625 (B) N6,250 (C) N6000 (D) N5,600 (E) N5,000 4 Wht. Is the turn-over for the year? (A) N27,500 (B) N26,500 (C) N25,500 (D) N24,500 (E) N22,000 Calculate the percentage of net profit pn sales. (A) 25% (B) 22% (C) 21% (D) 20% (E) 10% What is the amount charged In the Profit and Loss Account? (A) N6500 (B) N5500 (C) N5000 (D) N4000 (E) N2750 Patlent and Trade Mark are classifled under (A) Flxed Assets (B) Current Assets (C) Intanglble Assets (D) Wasting Assets (E) Investment Assets Accumulated Fund as at 1it January, 2004 1s: (A) N54,100 (B) N52,800 (C) N52,600. (D) N51,300 (E) N58,200 Subscription relating to 2004 is : (A) N 19600 (B) 17,300 (C) N16,500 (D) N15,000 (E) N18,000