ROUND-OFF YOUR ANSWER TO THE NEAREST ZERO DECIMAL PLACE!! 22 Marks Question 2 The following information was extracted from JJ Traders books for 31 May 2019 financial year. JJ requested you to assist with missing information. Use the information below to complete the financial statements. 2 (a). 12 Marks JJ Traders Statement of Comprehensive Income as at 31 May 2019 ? (a) Sales Less: Cost of goods sold: 11 200 Opening Stock 2 (b) Add: Purchases 177 338 8 450 Closing Stock 2 (c) Cost of Sale Gross Profit ? (d) 2 (e) Less: Expenses: Net Profit 2 (0 Additional information: 1. Sales margin-20 % 2. Net profit margin -4% Page 11 of 18 10 Marks 2 (b). Calculate the following: COKE 25 Percent Mark-up NS 35 000 Sales N$ 8 450 Inventory 01.03.2017 N$ 7 450 Inventory 28.02.2018 3 Marks Calculate: Gross Profit, Purchases and Cost of Sale? FANTA 20 Percent Margin NS 42 400 Purchases N$ 12 600 Inventory 01.03.2017 Inventory 28.02.2018 NS 18 200 Calculate: Gross Profit, Sales and Cost of Sale? 4 Marks PEPSI Sales N$ 68 500 Gross Profit N$ 22 800 Calculate: Percentage Mark-up, Margin and amount of Cost of Sale? 3 Marks Page 12 of 18