you have 50 min

1. The following figures are taken from the final accounts of Neliwa Ltd for 2019.

Neliwa Ltd figures for 2019 N$

Net Profit 50,000

Sales 975,000

Current Assets (including closing stock) 155,000

Long Term Loan 300,000

Ordinary Share Capital 500,000

Current Liabilities 85,000

Retained Earnings 100,000

Closing Stock 80,000

Calculate the Acid Test Ratio for the 2019 financial year for Neliwa Ltd:

Select one:

a. 1.82:1

b. 0.88:1

c. 82%

d. 0.88:4

2. Net sales can be calculated as:

Select one:

a. Sales less return outwards

b. None of all

c. Sales plus return inwards

d. Purchases plus opening inventory less return outwards

3. Given the following data: Gross profit N$6700, Carriage inwards N$400; Carriage outwards N$250, Rent received N$575 and Other expenses N$3600, the net profit for the firm would be:

Select one:

a. N$2 450

b. N$3 425

c. N$3 275

d. N$3 025

4.

The following figures are taken from the final accounts of Neliwa Ltd for 2019.

Neliwa Ltd figures for 2019	N$
Net Profit	50,000
Sales	975,000
Current Assets (including closing stock)	155,000
Long Term Loan	300,000
Ordinary Share Capital	500,000
Current Liabilities	85,000
Retained Earnings	100,000
Closing Stock	80,000

Calculate the Return on Investment (ROI) for the 2019 financial year for Neliwa Ltd:

Select one:

a. 5.30%

b. 5.56%

c. 7.26%

d. None of all