The information below was extracted from the books of Bekker Traders, owner J. Bekker, on 30 June 20x2. Bekker Traders’ accounting period ends annually on 30 June.

You are required to:

Use the given information to find these ratios and then comment on them. Show all your calculations.

1 The gross profit.

2 The net profit.

3 The net working capital.

4 The acid-test ratio.

Information:

• From the statement of profit or loss & other comprehensive income:

• List of balances taken from the books (with all adjustments considered and all closing transfers journalised and posted):

Transcribed Image Text:

Sales (turnover) Cost of sales Total current expenses 51 600 00 20 640 00 12 900 00