Question: Hi tutor I need help for this question CONFIDENTAL TK 503 BUSINESS ACCOUNTING Required: a. Compute the following ratios for Bagus Trading and Baik Trading

Hi tutor I need help for this question

 Hi tutor I need help for this question CONFIDENTAL TK 503

CONFIDENTAL TK 503 BUSINESS ACCOUNTING Required: a. Compute the following ratios for Bagus Trading and Baik Trading as at 31 December 2011. [CLO 2: C3] i. Gross profit margin ii. Net profit margin iii. Current ratio (12 marks) b. Based on the result obtained in (a) above, which of the two companies performance is better? Explain? [CLO2: C2] (3 marks) QUESTION 5 The Trial Balance of Nadzri Bersaudara as at 31 January 2012 is shown below: Trial Balance as at 31 January 2012 Dr Cr Motor vehicles 17 455 Cash 3 500 Alimah 5 545 Iera Syazira 1 700 Capital 23 500 Drawings 3 000 Wages 1 000 Discount Received 500 Commission Received 1 100 Purchases and Sales 35 000 46 000 Return Inwards 300 Salaries 1 500 Water and Electricity 200 Insurances 300 Inventory 5 000 72 800 72 800 Closing inventory: RM 3,000 Prepare Income Statement for the year ended 31 January 2012. [CLO3:C3] (15 marks) Page 12 of 12

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!