Quelpr
2 marksFinancial Ratio Analysis

CSEC Principles of Accounts · January 2012 · Paper 2 · Question 1(c)(i)

In 2010, VIP Enterprises recorded a closing inventory of $5 780.

Calculate the stock turnover for VIP Enterprises, showing your workings.

This question uses a figure or table from the paper — you'll see it when you practise.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 1(a)Prepare the Income Statement of VIP Enterprises for the year ended 30 November 2011.[4 marks]
  2. 1(b)Prepare the classified Balance Sheet for VIP Enterprises as at 30 November 2011 in vertical style, identifying clearly the business' working capital.[12 marks]
  3. 1(c)(ii)Calculate the return on opening capital employed (ROCE) for VIP Enterprises, showing your workings.[2 marks]

More practice: the rest of this paper · more Financial Ratio Analysis questions · all CSEC Principles of Accounts past papers