Get premium membership and access questions with answers, video lessons as well as revision papers.

The following is a balance sheet of Bambu traders as at 31st December 2000 Bambu Traders Balance sheet as at 31st December 2000 a) Sales during the year...

      

The following is a balance sheet of Bambu traders as at 31st December 2000
Bambu Traders
Balance sheet as at 31st December 2000
a) Sales during the year amounted to Kshs 2,000,000
b) Stock on 1 January 2000 was Kshs. 100,000
c) Gross profit margin was 20%

Calculate
i) Current ratio
ii) Gross profit mark up
iii) Rate of stock turnover

  

Answers


Kavungya
fig3927320191230.png
Kavungya answered the question on March 27, 2019 at 10:44


Next: The diagram below shows a set up which was used by student to investigate effect of electricity on solid Molten Lead (II) Bromide. Study it...
Previous: The following information refers to tea traders for the year ended 31/12/04 Sales ...

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions