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.