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i. Margin =Gross profit/sales ×100
=600,000/ 2,400,000 ×100=25%
ii).Rate of stock turnover=cost of sales/average stock
=1,800,000/300,000vv=6times
iii).ROCE=Net profit/Capital employed × 100
=240,000/1,212,000 × 100
=19.8%
iv).Current ratio = Current Assets: Current liabilities
= 1,250,000 : 438,000
=2.85:1
Kavungya answered the question on September 26, 2019 at 12:43
- The following Trial Balance was extracted from the books of Kisumu Auto spares as at 31st Oct 2011
Stock on 31st October 2011 was sh. 80,200
Required,
(i)Prepare...(Solved)
The following Trial Balance was extracted from the books of Kisumu Auto spares as at 31st Oct 2011
Stock on 31st October 2011 was sh. 80,200
Required,
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Date posted: September 26, 2019. Answers (1)
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b)Used to transmit printed messages...(Solved)
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Date posted: September 26, 2019. Answers (1)
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Land & building ...(Solved)
Maneno traders had the following balances as at 6th January 2012.
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Cash in hand 25,500
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Bank overdraft 30,000
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Returns inwards 5,000
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A trial balance as at 6th January 2012
Date posted: September 26, 2019. Answers (1)
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Date posted: September 26, 2019. Answers (1)
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The balances below relates to Eureka Traders for the year ended 31st December 2010.
Shs.
Capital ?
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Creditors 95,200
Fixed assets 480,000
Current assets 145,220
Determine the following
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Date posted: September 26, 2019. Answers (1)
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Outline four features of demand deposit account.
Date posted: September 26, 2019. Answers (1)
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June 1st: Received Shs. 2,000 for reimbursement
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4th :Bought stationery for shs. 1,000
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6th : Bought tealeaves for shs. 500 and stationery for shs. 650
7th : Paid ostrich a creditor shs. 5,500
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Date posted: September 26, 2019. Answers (1)
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Date posted: September 26, 2019. Answers (1)
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The following trial balance relates to Nthoi’s enterprise as at 31st December 2011
DR CR
Shs. Shs.
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Land + buildings 700,000
Cash in bank 115,000
Stock 1.1.2011 18,000
Purchases and Sales 500,000 1,000,000
Debtors and Creditors 46,000 92,000
Salaries and wages 85,000
Carriage inwards 9,000
Carriage outwards 12,000
Motor vehicles 400,000
Capital 909,000
Water and lighting 36,000
Insurance 40,000
Returns 0,000 50,000
2,051,000 2,051,000
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Date posted: September 26, 2019. Answers (1)
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State four factors that may positively affect the productivity of labour.
Date posted: September 26, 2019. Answers (1)
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The following transactions relate to Ostrich Ltd.
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Post the above transactions in the relevant ledger accounts
Date posted: September 26, 2019. Answers (1)
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Shs.
Fixed Assets 200,000
Creditors 35,000
Current assets 110,000
4 year bank loan 150,000
Required;
Determine the net...(Solved)
The following balances were extracted from the books of Muli traders as at 31st March 2010
Shs.
Fixed Assets 200,000
Creditors 35,000
Current assets 110,000
4 year bank loan 150,000
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Determine the net worth of the business as at 31st march 2010
Date posted: September 26, 2019. Answers (1)
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Outline four limitations of the circular flow of income.
Date posted: September 26, 2019. Answers (1)
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Date posted: September 26, 2019. Answers (1)
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Identify the type of good described by each of the following statements
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Date posted: September 26, 2019. Answers (1)
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Date posted: September 26, 2019. Answers (1)
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During month, the following transactions took place:
2011
June 2...(Solved)
On 1st June 2011, Nyati Traders had cash in hand of sh25,000 and sh56,200 at bank.
During month, the following transactions took place:
2011
June 2 Cash sales, sh42,000.
June 5 Received a cheque of sh70,500 from Butala Traders after deducting a 6% cash discount.
June 8 Paid salaries, sh24,000 in cash
June 9 Kivuitu settled his account of sh45,000 in cash and was allowed sh l,800 cas discount.
June 12 Cash sales sh46,500.
June 18 Paid Tuiei's debt of sh l00,000 by cheque after deducting 5% cash discount.
June 24 Withdrew sh26,000 from the bank for office use.
June 30 Banked all the cash except sh25,000.
Prepare a 3-column cashbook and balance it off on 30th June, 2011.
Date posted: September 26, 2019. Answers (1)