- The Trial Balance For Thabo S Trading As On 31 December 2021 Is Given Below Capital 57 800 7 500 68 000 Drawings Equipm 1 (73.81 KiB) Viewed 46 times
- The Trial Balance For Thabo S Trading As On 31 December 2021 Is Given Below Capital 57 800 7 500 68 000 Drawings Equipm 2 (16.49 KiB) Viewed 46 times
The Trial balance for Thabo's Trading as on 31 December 2021 is given below: Capital 57,800 7,500 68,000 Drawings Equipment Accumulated Depreciation on equipment Loan (7.5% p.a.) 10,200 30,000 Trading Stock 17,200 Fixed Deposit (12% p.a.) 10,000 Debtors Control (Trade Receivables) Creditors Control (Trade Payables) , , , , 15,400 16,300 Bank 6,200 Sales 135,000 Cost of Sales 90,000 General Expenses 8,000 Wages and Salaries 24,500 Interest Income 250 Interest of Loan 2,250
Use the financial statements that you prepared for Thabo Traders in Question 1 and calculate the following: a) Current Ratio (3) b) Gross Profit Percentage (4) c) Return on Equity (4) [11]