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WorksheetsGrade 12 Quiz 1 Term 2
Total questions: 14
Worksheet time: 7mins
What does capital employed mean?
It means how much the business is worth
It means how much the business is sold to customers
It means how much the business has bought off their suppliers
It means how much the business can be expanded
How do you calculate Net Profit?
Gross Profit plus Expenses
Sales minus Expenses
Cost of Goods sold minus Expenses
Gross Profit minus Expenses
How do you calculate cost of goods sold?
closing stock plus purchases minus opening stock
closing stock minus purchases plus opening stock
opening stock minus purchases plus closing stock
opening stock plus purchases minus closing stock
How do you calculate working capital?
Current Assets minus Current Liabilities
Current Liabilities minus Current Assets
Current Assets plus Current Liabilities
Current Liabilities plus Current Assets
What is an asset?
Something you owe - like a bill
Someone you own - like a car
Something you need to buy in the future
Something you want to buy
What are financial ratios?
Measuring financial performance of a supplier
Measuring financial performance of a stock company
Measuring financial performance of a business
Measuring financial performance of a customer
How do you calculate gross profit?
Sales plus Cost of Goods Sold
Sales minus Cost of Goods Sold
Cost of Goods Sold minus Sales
Sales minus Closing Stock
What is the formula for the current ratio?
Total Current Assets divided by Total Current Liabilities
Total Current Liabilities divided by Total Current Assets
Total Current Assets divided by Total Working Capital
Total Current Liabilities divided by Capital Employed
What is the formula for Net Profit Percentage?
Net Profit divided by Credit Sales x100
Net Profit divided by Turnover x 100
Net Profit divided by expenses x 100
Net Profit divided by capital employed x 100
What is the formula for capital employed?
Gross Profit divided by Capital Employed x 100
Capital - drawings + retained earnings
Net Profit divided by Credit Sales x 100
Retained earnings+Capital-drawings
What is the formula for stock turnover days?
Average expenses divided by cost of goods sold x 365 days
Average inventory divided by net profit x 365 days
Average inventory divided by cost of goods sold x 365 days
Average inventory divided by gross profit x 365 days
What is the assets turnover formula?
Revenue/Total Assets
Sales/Total Current Assets
Turnover/Total Fixed Assets
Net Profit/Total Assets
Which are the best examples of assets?
motor vehicle, creditors, fixtures and fittings, cash in the bank
Accrued expenses, inventory, debtors
motor vehicle, inventory, fixtures and fittings
motor vehicle, debtors, fixtures and fittings, overdraft
Which is the true statement....
Investors check the profit and loss to see how well the business is performing
Investors check financial ratios to see how well the business is performing
Investors check the balance sheet to see how well the business is performing
Investors check the profit to see how well the business is performing
