i)Capital owned at the end of the year
= initial capital + Net profit - Drawings - Additional capital
= 170,000 + 5,000 - 100,000 + 52,000
= 222,000 - 105,000
= 122,000
(ii) Net profit ratio = Net profit x 100
sales
Sales = Purchases + Net profit
= 20,000 + 5,000
= 25,000
Net profit ratio = 5,000 x 100 = 20%
25,000
sharon kalunda answered the question on February 28, 2019 at 12:28
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