ASSIGNMENT 1
Without Book-Keeping there wouldn`t be Accounting.
Discuss
Foyegbe Nigeria Limited provides the
following information relating to its accounts for three years as shown in the
table below:
Year
|
Capital
|
Profit
|
Returns on Capital
|
|
N
|
N
|
%
|
2018
|
750,000
|
|
45
|
2017
|
450,000
|
90,000
|
|
2016
|
500,000
|
|
35
|
Required:
(i) Calculate profits for year 2016 and 2018.
(ii) Calculate returns on capital for year 2017.
(iii) Calculate percentage increase in profit
between year 2017 and 2018.
(iv) Calculate percentage decrease in profit between
year 2016 and 2017.
(v) Calculate
increase in capital between year 2017 and 2018.
(vi) Calculate decrease in capital between year 2016
and 2017.
Hints: show all formular
and workings
PATRIOT ODUNARO B.J (08038454008)