Jamb Accounts - Principles of Accounts Questions - Accounting ratios
Question 2:
A company has departments M and N. The expenses incurred wholly in M is N5000. General expenses incurred amount toN25000. Expenses are apportioned in the ratio 2:3 for departments M and N respectively.
What is N's share of the expense?
View Answer & ExplanationWhat is N's share of the expense?
Question 3:
| N | N |
| Capital 39,000 | Land 20,000 |
| Long Term Loan 15, 000 | Building 30,000 |
| Creditors 9,000 | Stock 40,000 |
| Debtors 6,000 | |
| Accrued wages 5,000 | Cash 8, 000 |
| 68,000 | 68,000 |
Use the information above to answer the question
: The acid test ratio in the company is___________
Question 4:
| Earnings per share 47k |
| Dividends per share 30k |
| Per value of each share N1.20 |
| market price per share NM1.50 |
what will be the price earnings ratio of the company?
Question 5:
The short term solvency of a company is determined with ____________ ratio
View Answer & Explanation