Calculation of turnover - Jamb Commerce Past Questions and Answers

Question 6:

• JAMB 1998

Use the information Above to answer this question
What is the current ratio?

A. 4:1
B. 4.5:1
C. 5:1
D. 25.5:1

Question 7:

• JAMB 2001

The capital employed is

A. N 1,000
B. N 1,370
C. N 140
D. N50

Question 8:

• JAMB 2005

The fixed and current assets of a business are called?

A. Called up capital
B. Capital employed
C. Paid-up capital
D. Authorized capital

Question 9:

• JAMB 2009

if a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the percentage of gross profit on sale?

A. 30.5%
B. 20.5%
C. 20.0%
D. 10.0%

Question 10:

• JAMB 2012

If the rate of turnover of a company in 1999 was 4 times while the average stock was N 49,600, determine the turnover.

A. N 199,400
B. N 198,400
C. N100,200
D. N99,200