The following information in the image above was extracted from the books of Lompat Ventures as at December 31, 2022.

 

a[i] Calculate:

 Net profit

 

a[ii] Calculate:

Working capital

 

a[iii] Calculate:

Rate of stock turnover

 

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Discussions (3)

yinka2008
8 months ago

the net profit is not correct

yuvisko
1 year ago

isn't working capital current assets - current liabilities?

yinka2008
8 months ago

I now realise that the net profit is correct

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