Commerce Practice Tests – Business Capital and Profits (Questions with Answers and Explanations)

Hello and Welcome to Commerce Practice Tests - Business Capital and Profits

  1. You are to attempt 5 random objectives questions ONLY.
  2. Supply Your Full Name and Location in the text box below and begin immediately.
  3. You can attempt as many times as possible
1. 



The capital employed is _________

A. N 1,000       B. N 1,370       C. N 140       D. N 50

2. 



Find the current ratio.

A. 0.50:1     B. 0.87:1     C. 1.53:1     D. 1.85:1

3. 



What is the acid ratio? (JAMB 1998)

A. 2:95:1      B. 4:25:1      C. 4:75:1        D. 5:55:1

4. 


An abridged version of a company’s income statement for 1993 contains the following information:

What was the company’s profit before taxes for 1993?

A. N 26.9 million         B. N 53.5 million       C. N 139.2 million       D. N 286.5 million

5. 



What is the total fixed capital?

A. N 675,000      B. N 575,000      C. N 570,000     D. N 550,000

 

 

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