Reference no: EM132940431

Questions -

Q1. ABC LTD's current assets and current liabilities at the end of an accounting period are R6m and R2.4m respectively. Current assets include inventories of R1.8m. The current ratio and the quick assets ratio at the end of the period are_________.

a. 2.5 and 1.75

b. 2.5 and 0.75

c. 1.75 and 2.5

d. 2.5 and 0.7

Q2. Sheba Ltd.'s statement of financial position shows ordinary share capital of R150 000 and share premium of R50 000 at the beginning of a financial year. If the ordinary share capital is R250 000 and share premium is R120 000 at the end of the financial year, how much did the ordinary share issue raise?

a. R170 000

b. R250 000

c. R370 000

d. R100 000

Q3. Mash Traders purchased a Vehicle during the year 1 August 2013 at cost R450 000 at 15% depreciation on Book Value Method year ending 28 February 2014. Calculate the Depreciation on the Vehicle.

a. R67 500

b. R262 500

c. R39 375

d. R101 250

Q4. ABC LTD's figures for an accounting period include sales R56m, PBIT R1.4m, equity R16m and non-current liabilities R4m. The company's return on capital employed for the period is_____.

a. 7%

b. 35%

c. 8.75%

d. 2.5%