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Use the following information to answer the given questions
\(\begin{array}{c|c} & N \\ \hline Debtors & 30,000 \\ Creditor & 20,000 \\ \text{Opening stock} & 15,000 \\ \text{Closing stock} & 18,000\\ Wages & 3,000 \\ Salaries & 10,000 \\ Purchases & 30,000 \\ Sales & 60,000\end{array}\)
The stock turnover is
A4.0 times
B3.6 times
C3.3 times
D2.0 times
E1.8 times
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Question 22
waec1998
Use the following information to answer the given questions
\(\begin{array}{c|c} & N \\ \hline Debtors & 30,000 \\ Creditor & 20,000 \\ \text{Opening stock} & 15,000 \\ \text{Closing stock} & 18,000\\ Wages & 3,000 \\ Salaries & 10,000 \\ Purchases & 30,000 \\ Sales & 60,000\end{array}\)
The working capital is
A48,000
BN33,000
CN28,000
DN25,000
EN10,000
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Question 23
waec1998
Use the following information to answer the given questions
\(\begin{array}{c|c} & N \\ \hline Debtors & 30,000 \\ Creditor & 20,000 \\ \text{Opening stock} & 15,000 \\ \text{Closing stock} & 18,000\\ Wages & 3,000 \\ Salaries & 10,000 \\ Purchases & 30,000 \\ Sales & 60,000\end{array}\)
The net profit percentage is
A100%
B67%
C50%
D33%
E17%
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Question 24
waec1998
Use the following information to answer the given questions
\(\begin{array}{c|c} & N \\ \hline Debtors & 30,000 \\ Creditor & 20,000 \\ \text{Opening stock} & 15,000 \\ \text{Closing stock} & 18,000\\ Wages & 3,000 \\ Salaries & 10,000 \\ Purchases & 30,000 \\ Sales & 60,000\end{array}\)
The gross profit percentage is
A67%
B55%
C50%
D45%
E33%
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Question 25
waec1998
Carriage inwards are included on goods
Aon display
Bsold
Cin process
Dpurchases
Eon return
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Question 26
waec1998
The accountant general disburses government fund by the use of
Aa voucher
Ba warrant
Can estimate
Da vote
Eaa provision
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Question 27
waec1998
Which of the following is a source of the local government Revenue?
Apersonal income tax
Bsales of armed forces property
Crepayment (state)
Drepayment (Interest and General)
Emarket rates
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Question 28
waec1998
Opening stock + Purchases + carriage inwards is equal to
