Ratio analysis

Question 1 of 10

Current assets GH¢30,000 (inventory GH¢12,000); current liabilities GH¢15,000. The acid test ratio is

Question 2 of 10

The acid test (quick) ratio excludes

Question 3 of 10

Net profit GH¢18,000 and capital employed GH¢120,000 give ROCE of

Question 4 of 10

Gross profit is GH¢8,000 on sales of GH¢40,000. What is the gross profit margin?

Question 5 of 10

A current ratio of 2 : 1 means current assets are

Question 6 of 10

The quick (acid test) ratio leaves out

Question 7 of 10

Current assets are GH¢40,000 and current liabilities GH¢20,000. What is the current ratio?

Question 8 of 10

Inventory turnover of 8 times a year means inventory is held on average for about

Question 9 of 10

Gross profit GH¢20,000 on sales of GH¢80,000 gives a gross profit margin of

Question 10 of 10

Cost of sales GH¢60,000 and average inventory GH¢10,000 give an inventory turnover of