The following information is available for a business run by Paul Simiyu for the year ended 31 December 2011.
Average Debtors Kshs.
Calculate for the year 2011
i. Gross profit ratio [2 marks]
ii. Net profit ratio [2 marks]
iii. Rate of stock turnover [2 marks]
iv. Debtors collection period in days [2 marks]
Jane is a treasurer of her own local Tennis club.
i. Name two accounts which Jane would present to the club at the annual General meeting. [4 marks]
ii. Name ONE source of funds available to the club to finance an extension to the clubhouse. [2 marks]
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