Financial Accounting WASSCE (SC), 2016

Section B: Financial Accounting Practice

 

Question 8

     

    In this question, candidates were required to calculate the following accounting ratios:

     

    (a) Gross Profit percentage;

    (b) Net Profit percentage;

    (c) Return on Capital employed;

    (d) Current ratio;

    (e) Acid test ratio;

    (f) Rate of stock turnover;

    (g) Working capital;

    (h) Shareholders fund;

    (i) Liquid assets.

     

Observation

Many candidates attempted the question and scored very good marks.